The Business Times, 7 June 2007
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2007-06-07
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The Business Times
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Title Section19 2007-06-07 1 The Business Times Thursday, June 7,2007 SINGAPOREBS cents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/200619 words
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Article, Illustration720 2007-06-07 1 Ron Burkle unlikely to put up huge investment: sources NYT, AFP. LATWP [LOS ANGELES] Hoping to head off a takeover by Rupert Murdoch, the main union of the Dow Jones Co employees is shopping around for another bidder. The IndependentNYT,; AFP.; LATWP; BLOOMBERG - 720 words
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856 2007-06-07 1 NANDE KHIN - They pump in resources to cater to overlapping needs of SMEs and their bosses By NANDE KHIN [SINGAPORE] Banks are increasingly moving to tap the synergies between two of the fastest-growing segments in the industry SME banking and wealth management. Over the past year,856 words
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Page 1 Advertisements
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Advertisement48 2007-06-07 1 Property watch HOCK LOCK SIEW Yellow Pages shareholders in a fix PAGE 4 ALL SMILES Singapore's corporate who's who gathered last week for 'Oscar night' at the Singapore Corporate 111 *****1 8 *****1 *****4 Awards. Get a glimpse of the gala event, pages 16-17 Markets Digest Page 348 words
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Advertisement82 2007-06-07 1 I SINGAPORE INTERNATIONAL Ready to ride the mBIIHIHB medtech wave page 11 BizTT Epson maps $100 m regional expansion PAGE 27 -ST-a»' J AM: *tf #JIL "i'.-f" *> v^--*afcy,. '-,<A t twift'-. v" •^f^wpvV-^.- 4 '.*^fe^r!? If v .V" '•""?< I -4.•. ,<<■#■ fgv ,-W gfc& '.'-Mfv 4 ar- jgß*82 words
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TOP STORIES
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Article, Illustration637 2007-06-07 2 AMIT ROY CHOUDHURY - Investment to create over 100 new engineering jobs in Republic By AMIT ROY CHOUDHURY [SINGAPORE] Top information management and data storage vendor EMC Corporation will today announce a plan to invest more than $250 million in Singapore as part of637 words
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Article, Illustration728 2007-06-07 2 S JAYASANKARAN - Wife-to-be, a divorcee with 2 children, was close to his late spouse By S JAYASANKARAN MALAYSIAN Prime Minister Abdullah Badawi, 67, will marry Jeanne Abdullah, 53, in a private ceremony at his official residence on Saturday, the Prime Minister's Office announced yesterday. It will beREUTERS PHOTOS - 728 words
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420 2007-06-07 2 NANDE KHIN - By NANDE KHIN [SINGAPORE] To generate cross-over business from their wealth management and SME divisions, banks are going beyond just getting relationship managers from the two divisions to work closely. They are extending premier banking services to special SME clients and organising more joint420 words
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Article657 2007-06-07 2 Deloitte's new Asia-Pac chief wants to double revenue GLOBAL Big Four accounting firm Deloitte has made its Singapore chief executive officer, Chaly Mah, the regional managing partner of its Asia-Pacific offices the first time the firm has appointed a partner from the region to the post. And Mr657 words
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Article133 2007-06-07 3 STI 3.563.75 (-9.15) ST INDEX FUTURES 3,567.00 (-10.00) siMsa 439.59 (-0.54) SIMSa FUTURES 438.00 (-3.90) MARKETS Wednesday Change KLCOMP 1,372.38 +2.79 NIKKEI 225 18,040.93 -12.88 HANG SENG 20,818.61 -23.54 SET INDEX 759.42 -1.17 JAKARTA COMP 2,102.444 +9.334 MANILA COMP 3,570.47 -37.67 SEOUL COMP dosed SHENZHEN B 659.91 +0.60133 words
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Article94 2007-06-07 3 IN our reports and tables for the BT-LEK Shareholder Scorecard published on May 29, the market capitalisation provided by LEK for several companies was not converted to Singapore dollar equivalents. This affected 15 of the 631 companies sampled, including Shangri-La Asia. However, LEK has clarified that the individual Total94 words
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Article, Illustration585 2007-06-07 3 MICHELLE QUAH - S'porean Asia-Pac head is MNC's first partner from region to take on role By MICHELLE QUAH [SINGAPORE] Global Big Four accounting firm Deloitte has appointed its Singapore chief executive officer, Chaly Mah, the regional managing partner of its Asia-Pacific offices the firstFile photo - 585 words
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525 2007-06-07 3 JANE MOIR - By JANE MOIR in Hong Kong A PAY rise of up to 4.96 per cent for Hong Kong's civil servants is drawing fire from the private sector, with fears that the above-average increment will have a knock-on effect in525 words
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Page 2 Advertisements
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Advertisement498 2007-06-07 2 IS CIRCUITS PLUS HOLDINGS LTD (Incorporated in the Republic of Singapore) (Company Registration No. *****4583E) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Circuits Plus Holdings Ltd (the "Company") will be held on 22 June 2007 at 10:00 a.m. at 8 First Lok498 words
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Advertisement10 2007-06-07 2 people Corporate matchmakers. Www thepeopleatwork com Asia Pacific Executive Search10 words
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Page 3 Advertisements
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Advertisement187 2007-06-07 3 I 111 f"\ I f i Mf "X t/1 1.. Ifl. 1 •I |V 111 I I 1 I I I\/ I 1 I— 111 I h 2 f IX II IV w.y vI I IV-/ I Iw 4 I^KWHHHH^HIHHHHHHI^HHHH At the fringe of the CBD at Robertson Quay, Singapore187 words
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COMPANY NEWS
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Article, Illustration764 2007-06-07 4 WEE LI-EN - HOCK LOCK SIEW By WEE LI-EN Shareholders of Yellow Pages (YP) the subject of a boardroom tussle will soon get to choose whether or not to keep the independent directors on board, but that is a decision which they are probably not equipped to764 words
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Article, Illustration607 2007-06-07 4 CONRAD TAN - By CONRAD TAN EQUITY analysts yesterday welcomed the proposed launch of 18 new stock indices later this year to complement the benchmark Straits Times Index (STI) but said the associated pruning of the STI would have limited impact. "I think it was long607 words
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417 2007-06-07 6 MATTHEW PHAN - It has the highest trading volume in derivatives By MATTHEW PHAN THE Singapore Exchange (SGX) has named Fimat, a global brokerage house and a unit of French financial services firm Societe Generate, as the over-the-counter (OTC) clearing member with the highest trading volume417 words
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Article435 2007-06-07 6 OH BOON PING - By OH BOON PING TFS Energy, named the top Asia Clear. oil broker, expects growth of 10-15 per cent in the energy derivative over-the-counter (OTC) market here in the next 12 months. Speaking to BT, managing director Richard Yap attributed this to key factors like Singapore's435 words
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Article, Illustration464 2007-06-07 6 OH BOON PING - SGX ASIACLEAR More than 100 counterparties secured, US$1.2b in trades cleared By OH BOON PING THE Singapore Exchange's (SGX) Asia Clear facility has crossed the billion-dollar mark in its trade value. Yesterday, SGX said that Asia Clear launched in May last yearARTHUR LEE - 464 words
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199 2007-06-07 6 IPO WATCH Reuters TOKYO-based real estate fund manager Re-plus Inc is in talks with bankers to list the first Singapore property trust backed by a Japanese sponsor, sources said yesterday. Re-plus wants to list a real estate investment trust (Reit) that would— Reuters - 199 words
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492 2007-06-07 6 JANICE NENG - It banks on rising interest US$ denomination contract to lure global traders Bv JANICE NENG The Joint Asian Derivatives Exchange (Jade) yesterday launched its crude palm oil (CPO) futures contract giving traders and hedgers another tool in a market that has seen492 words
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339 2007-06-07 7 NANDE KHIN - It wants to acquire HMSto avert delisting By NANDE KHIN IN a bid to avert delisting, Vantage Corporation has proposed to acquire an integrated healthcare provider for $455 million in a reverse takeover deal. The company, which has until today to find a339 words
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332 2007-06-07 7 HAS the market underpriced Thai Village Holdings? Or has Apex-Pal International run ahead of itself? These were the questions brokers were pondering as Apex-Pal jumped 4.5 cents to 43.5 cents at the tail-end of trading yesterday. The Japanese restaurant chain has offered to332 words
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Article, Illustration501 2007-06-07 7 VEN SREENIVASAN - SIA unit in group to provide groundhandling services at Hyderabad airport By VEN SREENIVASAN SINGAPORE Airport Terminal Services (Sats), a subsidiary of Singapore Airlines (SIA), yesterday confirmed that it had joined with Air India and Indian Airlines to enter into a sev-en-year concession agreement501 words
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389 2007-06-07 7 LYNETTE KHOO - Group suffers first-quarter loss of $483,000 By LYNETTE KHOO A ONE-OFF. charge of US$l.7 million for share grants to employees has dragged Hup Soon Global Group (HSG) into the red for its first quarter ended March 31. Hup Soon Global Corporation (HSGC),389 words
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Page 4 Advertisements
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Advertisement214 2007-06-07 4 IN ASSOCIATION WITH THE STRAITS TIMES www.gloliamrandtorum.org W r^MWJM"Mw B|l H £BV > ''111 ILtmnTl'Jir'Hl^ir'HllTßvl^Hrlir ON WHAT OT TAKES TO CREATE LEADER BRANDS The most anticipated brand forum in Asia returns this August for two days only, with invaluable insights from the mavericks who have redefined the way we look214 words
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Advertisement70 2007-06-07 5 FULLY SOLD Sr II fW v SB S r ///f j| gj|i| K. 3S9S Xj bffi skL 89| '^JSt B Sam B Z. B»9 ICE v'M% SK6 PK3tB -^rwffraN 1- .B^^P^ r ilW^Bß aj fi H L KAS I BM^H 1 J 96 Mg«|B{>»J| B «M B ly by y70 words
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Page 6 Advertisements
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Advertisement699 2007-06-07 6 RaboJet Certs Series 1 will be launched on the Singapore Exchange Securities Trading Limited (SGX) on 7™ 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 1699 words
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Advertisement369 2007-06-07 7 FU*****22 N JBUW b IB »-j| UOB MaxiYield is a dual currency investment that gives you the opportunity to earn potentially higher returns by capitalising on foreign exchange movements. To discover how UOB Privilege Banking can make your money work harder for you, call our 24-hour Privilege Banking Service Line369 words
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SINGAPORE MARKETS
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Article, Illustration572 2007-06-07 8 TEH HOOI LING - STOCKS Banks, selected property counters provide biggest drag; top gainers include Hong Leong Asia, Allgreen Properties TEH HOOI LING Senior Correspondent THE Straits Times Index (STI) ended lower yesterday for the second day in a row. However, the broader market stayed firm. The STI572 words
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Article, Illustration989 2007-06-07 8 UMA SHANKARI - Compiled by UMA SHANKARI Beng Kuang Marine June 6 close: 79.5 cents SIAS RESEARCH, June 5 BENG Kuang Marine is an established player in the ship repair industry, providing corrosion prevention services as a resident contractor to many major shipyards in Singapore and Batam. It has broadened its earnings989 words
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Article, Illustration472 2007-06-07 8 CURRENCIES -AFP [TOKYO] The euro inched up in Asian trade yesterday as the market waited to see how high the European Central Bank (ECB) might raise interest rates in the coming months to curb inflation, dealers said. The euro firmed to U551.3527-AFP; AFP - 472 words
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Article, Illustration897 2007-06-07 8 SECURITIES TRADING SCOREBOARD MAIN SDQ TOTAL Up Dow Uwdi Up Dow Uwdi Up Dow Uwdi Multilnd 8 6 4 0 0 0 8 6 4 Manufacturing 94 63 61 28 6 18 122 69 79 Commerce 39 21 18 12 5 7 51 26 25 Tpt/Stor/Comms 17 12 15 10897 words
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SINGAPORE NEWS
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500 2007-06-07 9 MATTHEW PHAN - Banks seek experienced staff from abroad By MATTHEW PHAN FINANCIAL services companies say that of all the people they need to hire in Singapore, sales staff are the most difficult to find, John Bremen, a global practice director at consultancy Watson Wyatt, said500 words
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239 2007-06-07 9 THE international advisory panel of the Environment and Water Technologies executive committee is holding a two-day meeting to discuss Singapore's plan to grow as a global hydrohub. The panel is co-chaired by Lord Ronald Oxburgh, deputy chairman of the Science239 words
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Article, Illustration511 2007-06-07 9 RONNIE UM - Top China refinery also mulling direct manufacturing presence here By RONNIE UM THE first lubricants to be produced outside China by that country's top oil refiner, Sinopec, will be made in Singapore, the company announced yesterday. And starting with contract manufacture here of511 words
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367 2007-06-07 9 DANIEL BUENAS - Three-day Jarcom meeting begins By DANIEL BUENAS JAPAN "attaches importance" to regional cooperation with Asean and is strongly committed to accelerating integration efforts among Asean countries, Hiroaki Isobe, Minister for the Embassy of Japan to Singapore, said yesterday. Speaking at the Sixth367 words
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236 2007-06-07 9 THE Hour Glass is preparing for a re-run of its watch festival Tempus—The Temple of Time. September's five-day event, expected to cost more than $2.5 million, is aiming at developing what the company describes as a contemporary watch culture,236 words
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277 2007-06-07 9 THE fall in the certificate of entitlement (COE) premium for small cars yesterday is a sign that prices had reached as high as that segment of the market could afford, say some motor traders. After the relentless increases of the past277 words
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425 2007-06-07 9 ANNA TEO - By ANNA TEO HOMEGROWN MerLion Pharmaceuticals has capped a strong year by making it to the 2007 industry listing of the biotech companies to watch worldwide the first Asian company on the annual roll of top emerging firms since the inaugural awards425 words
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Page 9 Advertisements
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Advertisement165 2007-06-07 9 Great Business Opportunity Well known Ladles Fashion Company with Reg. Trademark for Sale $200K.Good Investment opportunity for an entrepreneur who can manage the brand to achieve higher market share increase profitability. Call:9618 5520 email: fashionbiz@mail.com OriiSLt'l/lMtn lilanrlt hhinds T-wwrnmii Hbnghoni) Full nominee, management secretarial, banking and corporate jj administration services165 words
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ARTS FEST
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Article, Illustration511 2007-06-07 10 JANICE HENG meets Benni Seidel and his shape-shifting Chunkie Bits Stretch Mkl's interactive Sky Sculptures ethereal Lycra creations that audiences can shape with the pull of a cord. Their landbound counterparts are the swirling Moon Dresses. At Ipm and 4pm each day, Stretch Mkl will put on the511 words
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Article, Illustration275 2007-06-07 10 AMANDA DE GUZMAN - Compiled by AMANDA DE GUZMAN CogKo: Today marks the world premiere of Checkpoint Theatre's exploration of humanity in the form of a psychological thriller. Bpm. Until June 9, Drama Centre Theatre. Tickets: $20 to $50. 80 minutes, no intermission. Forward275 words
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Article6575 2007-06-07 10 UNIT TRUSTS FUNDS ABN Amro Asset Mat (S'pore) Star Europe Eqty!"~ 1148/ Star Europe Bond 1.176/ Star Europe M U77/ Star Asian Tiger Eqty 1 497/ Star Asa Bond 1.336/ Star Asia Balanced 1142/ Stat Global Technology fundi" 0.228/ MultiStM 0991/ Star Asia BondlUSD) 0.874/ Gfc Multi St USD 1.186/6,575 words
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Page 10 Advertisements
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Advertisement44 2007-06-07 10 Allianz Global Investors one of the world's largest asset managers with more Allianz than US$l.2 trillion assets under management as at 31 December 2006. ciobai investors company regn no *****7169/ Try our online quiz at www.franklintempleton.com.sg and win attractive prizes!* FRANhum BIZREGNNQu *****521 IE44 words
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SINGAPORE INTERNATIONAL
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Article, Illustration1493 2007-06-07 11 VINCENT WEE - Singapore firms are well-positioned to ride the outsourcing trend in the challenging but potentially lucrative medical technology sector. VINCENT WEE reports VINCENT WEE SINGAPORE has a potent mix of good intellectual property management, highly skilled labour, electronics and precision engineering manufacturing expertise and specialisation inFILE PHOTO - 1,493 words
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Article, Illustration488 2007-06-07 11 THE difficulties of manufacturing for the medtech industry,are demonstrated in the experiences of one industry player. John While Springs is a supplier to four of the seven medtech segments diagnostic, medication/drug administration, monitoring and support/life sustaining. The various springs the company produces are used in applications ranging488 words
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Page 11 Advertisements
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Advertisement214 2007-06-07 11 for Global Opportunities?^^M§SS|^^B Discover latest developments in Southeast Asia, China, India and the Middle East Manage recruitment and talent retention challenges across borders WE Gear up for export and overseas growth aE? Build up firm-level capabilities J gjff Steer ahead for global growth at International Enterprise Forum 2007 (IE Forum214 words
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Advertisement7 2007-06-07 11 ||3 sssr The Business Times S*«GA*o*f 9ngyoi»7 words
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ECONOMY WATCH
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Article2435 2007-06-07 12 VOl )unt KM W- (-000) ASM Realty 3.73 0.12 93 AbricBhd 0J0 unch 23 Advance Synergy .0.32 0.01 605 AdventaBhd 1.22 0.02 456 AeMuIti Hldgs .034 0.04 384 Affin Holdings 332 0.01 1499 Ahmad ZakiResou 3.30 0.32 1864 AicCorp .0.55 -0.17 2 Airasia Bhd 3.00 -0.01 1663 Akn2,435 words
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Article, Illustration679 2007-06-07 12 Bernanke, Trichet call for rise in yuan to benefit China, world economy AP. Reuters [CAPE TOWN, South Africa] Central bank chiefs from the US, Europe and Japan have warned of the risks of the Chinese economy overheating, potentially adding to inflationary pressures in other countries.AP.; Reuters; REUTERS - 679 words
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323 2007-06-07 12 Firms may default if funds are forced to exit trades, it says Bloomberg [NEW YORK] Hedge funds are so dominant in credit markets that they may increase the risk of companies defaulting if a market tumble forces the funds to exit trades, according toBloomberg - 323 words
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443 2007-06-07 12 —Bloomberg [BRUSSELS] The European Central Bank (ECB) yesterday raised interest rates to a six-year high to keep economic growth from fuelling inflation in the 13 nations sharing the euro. ECB policy makers, led by president Jean-Claude Trichet, increased the benchmark—Bloomberg - 443 words
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Article, Illustration588 2007-06-07 12 Bush administration projects GDP growth at 2.3%, down from 2.9% -AP [WASHINGTON] The White House yesterday lowered its forecast for US economic growth this year even as itslightly upgraded its outlook for unemployment. Under President George W Bush administration's new forecast, gross domestic product (GDP)-AP - 588 words
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MALAYSIA/INDONESIA
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BRIEFLY ASIA
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52 2007-06-07 13 -Reuters [HONG KONG] Hong Kong's securities watchdog is simplifying licensing requirements for brokers, fund managers and other intermediaries entering the city's securities market, a senior regulator said yesterday. Market participants commonly complained that the exams they were required to take to obtain licences were-Reuters - 52 words
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45 2007-06-07 13 Bloomberg [BEIJING] China's retail sales are expected to grow by about 14 per cent this year, the Ministry of Commerce said in a research report released here on Tuesday. Sales may rise to 8.7 trillion yuan (Ssl.7 trillion).Bloomberg - 45 words
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60 2007-06-07 13 -Bloomberg [SINGAPORE] ICICI Bank Ltd, India's biggest lender to consumers, may price its bonds lower than the debt it sold in January, to raise funds for its UK unit. The bonds may be priced 7.4 per cent lower at 50 basis points-Bloomberg - 60 words
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62 2007-06-07 13 Tata to add s r ooo workers in Mexico Bloomberg [MEXICO CITY] Tata Consultancy Services Ltd plans to add 5,000 workers in Mexico as competition for Indian engineers from rivals such as Accenture Ltd lead to wage increases. A software development centre in Guadalajara that opened last week will startBloomberg - 62 words
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64 2007-06-07 13 Reuters [TIANJIN] Tianjin municipal government has set up a three billion yuan (*****.6 million) venture capital fund as part of a drive to turn the northern port city into a powerful economic and financial hub. Vice-Mayor Cui Jindu told a news conference theReuters - 64 words
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Article74 2007-06-07 13 Reuters [TAIPEI] Private equity fund Kohlberg Kravis Roberts Co (KKR) will buy US$23O million worth of convertible bonds issued by Yageo Corp to take a 16.1 per cent stake in Taiwan's electronics parts maker. KKR would subscribe almost all the bonds at a conversionReuters - 74 words
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Article, Illustration532 2007-06-07 13 Move to attract investors such as Wal-Mart, Metro Bloom berg [KUALA LUMPUR] Malaysia is preparing to ease restrictions on foreign hypermarket operators* to persuade Wal-Mart Stores Inc and Metro AG to invest in the South-east Asian nation's US$lB billion a year retailBloom berg - 532 words
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326 2007-06-07 13 Temasek denies anti-competitive practices Reuters [JAKARTA] Singapore investment company Temasek Holdings yesterday said that it was not involved in any anti-competitive business practices in Indonesia's mobile phone sector. Temasek has major stakes in Indonesia's top mobile phone operators, PT Telekomunikasi Selular (Telkomsel) and PT IndosatReuters - 326 words
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Article175 2007-06-07 13 Bloomberg [JAKARTA] PT Indosat, Indonesia's second-biggest mobile-phone operator, named Johnny Swandi Sjam its new president director, filling a post that has been vacant for a year. Mr Sjam was the company's corporate director for sales in the Greater Jakarta area, Indosat said in a release followingBloomberg - 175 words
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409 2007-06-07 13 Reuters [KUALA LUMPUR] Malaysian planter Asiatic Development Bhd expects pretax profit to climb more than 36 per cent in 2007 as palm oil prices rise on strong global demand, a source close to the company said on Tuesday. Asiatic,Reuters - 409 words
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Page 13 Advertisements
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Advertisement326 2007-06-07 13 Diners Club Card r<, w K «/764i***** A World of Exclusive Privileges Treats Diners Club International' Ltvi4 Penang Food Fair bbq pii^- by the pooMde in alfresco setting Lunch promotion ri TT^, sfT fk« mAM *u ~r Xino Savour the BBQ Beef, lamb Chop, Chicken, in the month of/Une Squid326 words
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Advertisement33 2007-06-07 13 I B Lianhe Zaobao I Japanese I I investors I I to speculate 1 I in Vietnam's I I soaring I I stock market I I jgrfrina** I I B*HR I I aaaawtta33 words
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GREATER CHINA/INDIA
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Article, Illustration790 2007-06-07 14 Reuters [SHANGHAI] Madam Zheng, a 44-year-old accountant at a state-owned company, put 100,000 yuan ($$20,000). about a year's salary, into China's stock market in the hope of making enough money to move into a better apartment. But two days after buyr— Reuters; REUTERS - 790 words
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555 2007-06-07 14 Hope lies in interest rate change to prop up US dollar: Nasscom president —AFP [BANGALORE] India's information technology (IT) industry yesterday expressed serious concern over the impact of the rupee's surge on exportdependent software exporters, already struggling with high costs. Any hope for—AFP - 555 words
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Article143 2007-06-07 14 Reuters (TIANJINI Beijing should encourage overseas private equity firms to raise money in China to reduce foreign currency inflows while still attracting needed management expertise, deputy central bank governor Wu Xiaoling said yesterday. "We hope foreign private equity funds can make more use of the yuanReuters - 143 words
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275 2007-06-07 14 It says it's vital to the city's long-term prosperity, stability —AFP [BEIJING] China will maintain the capitalist economic system in Hong Kong as it is vital to the former British colony's continued success, a top Chinese leader said yesterday. "To practise the—AFP - 275 words
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188 2007-06-07 14 —Bloomberg {SHANGHAI] China's new securities account openings were the lowest in almost two months on June 4 as a stockmarket rout, triggered by a tripling of the tax on share trades, deterred people from entering the market. The number of accounts set up—Bloomberg - 188 words
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Page 14 Advertisements
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Advertisement1007 2007-06-07 14 Banque Internationale a Luxembourg Head Office: 69 route d'Esch, L-1470 Luxembourg Singapore Branch: 1 Finlayson Green, #18-01, Singapore *****6 Balance Sheet Profit and Loss Account As at December 31, 2006 For the year ended December 31, 2006 2006 2005 2006 2005 €'000 €'000 «'OOO 000 Assets Interest receivable and similar1,007 words
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ASIA-PACIFIC/WORLD
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Article, Illustration616 2007-06-07 15 ANTHONY ROWLEY - Australia, Japan and US discussing the possibility By ANTHONY ROWLEY in Tokyo AUSTRALIA, Japan and the United States are discussing the possibility of establishing a "North-east Asian security mechanism" to deal with potential threats to the region, Australian Foreign Minister Alexander Downer revealed in TokyoAFP - 616 words
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553 2007-06-07 15 US opposes Europe's target for limiting temperature rise —Reuters [HEILIGENDAMM, Germany] US President George W Bush yesterday said that his plan for fighting global warming will "fold into" wider UN efforts rather than set up a rival track. "This will fold—Reuters - 553 words
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533 2007-06-07 15 [NEW YORK] NYSE Euronext plans to fend off competition by reducing the time it takes to process orders by 90 per cent, while its closest rival, Nasdaq Stock Market, bolsters systems to handle block trades. The New York Stock Exchange will overhaul533 words
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511 2007-06-07 15 LATEST US DATA AP. AFP. Reuters [WASHINGTON] The productivity of American workers slowed sharply in the first three months of this year but wage pressures eased as well, providing evidence that inflation is being restrained. The Labour Department reported that the amountAP.; AFP.; Reuters - 511 words
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296 2007-06-07 15 Bloomberg [NEW YORK] IBM settled with regulators over allegations that the world's largest computer services provider misled analysts about costs for employee stock options. As part of the agreement with the US Securities and Exchange Commission (SEC), IBM promised not to violate the— Bloomberg - 296 words
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235 2007-06-07 15 -AFP [HANOI] Vietnam has asked its central bank chief to explain irregularities in issuing new plastic bank notes and why his son had worked in a company involved in printing the bills, a report sajtfyi&sterday. Prime Minister Nguyen Tan Dung has-AFP - 235 words
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Page 15 Advertisements
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Advertisement348 2007-06-07 15 LOST SHARE CERTIFICATE The undermentioned share certificates have been reported lost, mislaid or destroyed by the shareholders: N—» ol Company CttNo. tfagdhtt fluiUniJ In tttt nut of SambCorp Industries Lid A *****49 1x1,553 Yeong Chee Cheong Parkway Holdings Limited *****382 1x2,520 Tay BooThiah Notice is hereby given that replacement certificates348 words
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S'PORE CORPORATE AWARDS
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Article, Illustration590 2007-06-07 16 A NIGHT that might have turned out a bit stuffy—with a grand ballroom containing 700 of Singapore's corporate elite managed to be anything but. Instead, a free flow of wine and good humour turned out to be the order of the evening at the Singapore Corporate Awards galaPHOTOS BY JOHN HENG & ARTHUR LEE - 590 words
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AVIATION
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Article, Illustration368 2007-06-07 18 It is looking at taking stakes in more Asian airlines Reuters [SYDNEY] Qantas Airways Ltd's low-cost subsidiary Jetstar yesterday said it was considering a big Airbus plane order and taking minority stakes in more Asian airlines as part of aggressive expansion plans. "WeReuters; BLOOMBERG - 368 words
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254 2007-06-07 18 -Bloomberg [SHANGHAI] Shares of Hainan Meilan International Airport Co surged as much as 33 per cent after Copenhagen Airports A/S sold its stake, sparking speculation that the Chinese company may buy other airfields from its parent. The stock rose 29 per cent-Bloomberg - 254 words
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241 2007-06-07 18 —AFP [NARITA] Airbus is confident of winning orders for its A3BO supeijumbo from airlines in Japan, a stronghold of US arch-rival Boeing, an official at the European aerospace giant said on Tuesday. An A3BO took to the skies above Japan on Tuesday with—AFP - 241 words
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Article476 2007-06-07 18 arr war it* www rre AbuNubi TTST TOO mm HJH7-W55 jj| ji —it inn jjis 1 "m 88" Q nsB il n Ownjdu 00<0 CAW mo —mnm CbbtdMrdi IB®" Q»trt»«teU»d Z20S MOM 1650 CwMalaMa WW MM IT II MM Ha&ou brxtt 30«0 07J5 W961 1920 PC9S476 words
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477 2007-06-07 18 Audit necessary to ensure craft are in good condition and safe to fly, says transport minister [KUALA LUMPUR] The Malaysian government has confirmed that it will appoint a technical and independent auditor to assess the airworthiness of the 12 turboprop aircraft previously operated477 words
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153 2007-06-07 18 -Bernama [KUALA LUMPUR] Malaysia Airports Holdings Bhd (MAHB) has inked an agreement with Iran Airports Company (lAC) to collaborate on various fields of airport operations, training and the sharing of knowl- edge on the latest advances j in passenger and cargo management. In a-Bernama - 153 words
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Page 18 Miscellaneous
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Miscellaneous168 2007-06-07 18 CRYPTIC CROSSWORD 24 Sign on in Bognor Regis? Terrific (8) taining gold (8) YESTERDAY'S SOLUTION 25 Judge faces reversal on end of 8 Choirboy's clothing not nec- Across- 7 Secateurs 8 Alpha 10 sentence (6) essary, say! (8) Bull's-eye, 11 Sparse,' 12 Stud,' 13 □OWN 14 Tortuous English and Ameri-168 words
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SHIPPING
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Article, Illustration836 2007-06-07 19 Major port shut, thousands evacuated in oil-rich Gulf state —AP [MUSCAT] Oman evacuated tens of thousands yesterday and closed the major port of Sohar north-west of the capital Muscat, as a weakening Cyclone Gonu roared towards the Strait of Hormuz the—AP; AFP - 836 words
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529 2007-06-07 19 Bloom berg [AMSTERDAM] TNT NV, Europe's second-biggest ex-press-delivery service, may lose its monopoly on mail delivery in the Netherlands next year after the Dutch parliament approved opening the market to competitors. The law will allow any company to carry letters and parcels ofBloom berg - 529 words
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225 2007-06-07 19 Shipbuilders have received domestic, overseas orders —Xinhua [JAKARTA] The Indonesian shipbuilding industry is recovering from a two-year-long downturn as shipbuilders benefit from an influx of both domestic and overseas orders, a government official has said. "The industry is expected to grow by 9.5 per cent this—Xinhua - 225 words
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118 2007-06-07 19 -Reuters [DUBAI] Dubai port operator DP World said on Tuesday it agreed with Senegal to operate and develop container port facilities in the capital, Dakar, with investment of at least 400 million euros (*****.6 million). DP World will manage and develop existing facilities-Reuters - 118 words
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401 2007-06-07 19 -Reuters [SINGAPORE] Asian spot freight rates for crude tankers loading from the Middle East were steady yesterday, but some brokers were poised for gains if a cyclone disrupts voyages in the Strait of Hormuz. Rates for very large crude carriers (VLCCs)-Reuters - 401 words
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Article258 2007-06-07 19 Mm t SS Ch Offshore .0.64 0.01 2982 ChuanHupHMp AX -0.01 374 CoscoCorp -2-75 unct> ***** Cwt Limited 0 J8 unch 207 EzraHkfcs 5.80 -0.15 583 Freight Unkf 0.14 0X)1 ***** Grand Banks 1.05 0.03 (1 Java Hold Ltd 1.54 0.04 1069 KlVenture* 031 -0.01 407 KeppelCop 11258 words
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Advertisement58 2007-06-07 19 f M{ LH t MIN GUI! IOR WOMEN «TOU CAT* OO I 1 BI'KN a MOKE FAT IN I.KSS TIM K $sa SAVE THE EARTH,i PROTECT YOUR HEALTH 39 easy ways to qo qrrrn'St home, work and piay In the June issue... FEELING FRAZZLED? 8 surprising fixes for instant relief58 words
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EDITORIAL & OPINION
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530 2007-06-07 20 EDITORIAL THE Group of Eight (G-8) summit which got underway in the north German seaside resort of Heiligendamm yesterday is unlikely to achieve the ambitious goals set for it by the host nation. Apart from the distraction created by a war of words between530 words
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Article, Illustration1109 2007-06-07 20 LEON HADAR - It will take years of effort and genuine skill to restore political credibility and legitimacy LEON HADAR Washington Correspondent IN my 15 years of covering Washington, I cannot recall a time when the elite and the public in the capital of this ageing global superpowerAP - 1,109 words
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Article, Illustration825 2007-06-07 20 ANTHONY ROWLEY - THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent LIKE Arthur Conan Doyle's "dog that did not bark in the night", other stock markets scarcely made so much as a murmur this week when China's market slumped. This was in sharp contrast825 words
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Article, Illustration1632 2007-06-07 21 VIKRAM KHANNA - Opening up trade with India could hold out great promise VIKRAM KHANNA Associate Editor AS a business destination, Pakistan is not an easy sell these days. President Pervez Musharraf, having suspended the country's Chief Justice on March 9, on charges of abusing authority,YEN MENG JIIN, AFP - 1,632 words
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Article823 2007-06-07 21 TIGER TONG - By TIGER TONG IT was not an argument about the stock market bubble or a debate about yuan appreciation that made headlines in China last week it was soaring pork prices According to the Chinese calendar, this is the Year of the Pig and823 words
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Article10893 2007-06-07 22 SGX MAINBOARD 52-Wk Tel Last Vol Day Last Quota Mv GrYtd Nat MCap Nigh Low Coda Company Sala fOOO) Htgh Low layer 5«8ir Cvr HI twill 3.5 2 5716 1st Software 2 suso 11 18 6 3148 STelecom 16.S •'♦0.5 1180 17 16 16.5 17 4.7 1 22.610,893 words
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Article6492 2007-06-07 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr III S$ In US$ dy %yr dy %yr dy Syr JunS Index Change Change Change Change Change Change Woitd Index PreBminarv 1191.9 -0.6 83 -04 9.1 -0.5 9.4 EAFE Preliminacy 1203.0 -03 8.6 0J 9.8 -0.1 10.0 Europe Preiiroinaiv *****6,492 words
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Advertisement1636 2007-06-07 24 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination NIPHANAREE RDM/ATW/BMN/TLB/NAN STXPOTBN CAM/NFK/NOl/SAV Loads Singapore, E./W. Malaysio, Indonesia Loads E./W. Malaysia, Indonesia MIPPLE-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,1,636 words
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Advertisement402 2007-06-07 24 wXw WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com VESSEL VOT U» HBQHT lIC *00 SW Ml 0» TAMPA Af7ll 4201hn .MM 16/04 11/04 22/07 24/07 31/07 21/07 TARAGO Af7lf 3201 m 4.4 M 27/04 20/07 29/07 02/00 04/00 04/00 TEXAS Mffl 42Ww 4.4 M IS/07 00/00 10/00 22/00 25/00 25/00 few ft*402 words
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The Business times Shipping times
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5972 2007-06-07 25 This ETA ETA Advertiser Vessel Voyage Telephone SIN Desfn Name Name Number 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 23/06 28/07 Delmas CMA CGM C0L0MBIE 725W *****344 23/06 30/07 Delmas5,972 words
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Advertisement1434 2007-06-07 25 WAN HAI INTERNATIONAL PTE LTD a NO: **********0/R VTrA ...ill u.| TEL:*****588 (14LINES) FAK*****163 \M\ WAN HAI I INFn Custom* Servke/Bookkigs Diract Line (1800) *****200 Y 111 fnll llnl LlllLlJ HQ. 1H: (0J) J346MM FAX: (03) *****2 M PW HL (04) *****00 FAX (*****9MW V- MMM iSIWS HUb (07J251W21 SURIO:1,434 words
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Advertisement932 2007-06-07 25 IVISStL VOY PKL I SIN 1 KHI DXB BAB DMM UK KHO IRAN SATTARI PCLS2OO 10/06 09/06 IS/06 21/06 22/06 28/06 30/06 02/07 KAN TABATABAEI PCLB2O2 11/06 12/06 21/06 24/06 25/06 01/07 03/07 05/07 I WAN BAABAH PCLB2O3 21/06 22/06 01/07 04/07 03/07 11/07 12/07 14/07 IVISStL VOY SIN NHS932 words
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Advertisement642 2007-06-07 25 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS »ffa qi sw urn kowp »yw mOL IJM. <>"w q*jw wjmi mm mini rmoH um. \m ujuh an mini howw ii mm hjw m nut 73 jw nm out* aiso kcptm fa to axm iutkow t642 words
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BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
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Article, Illustration558 2007-06-07 27 WINSTON CHAI - The war chest will help finance plans to increase business product sales in the region, reports WINSTON CHAI WINSTON CHAI SINGAPORE is set to be a major beneficiary of a $100 million regional investment from Epson as it seeks to balance product sales between558 words
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357 2007-06-07 27 WINSTON CHAI - Move comes after bidders request for deadline extension By WINSTON CHAI THE long road to a massive contract by the government to outsource and harmonise its computer systems just got longer as the authorities have acceded to bidders' request for a deadline extension.357 words
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Article186 2007-06-07 27 Bloomberg [SAN FRANCISCO] Sun Microsystems Inc, the world's fourth-largest maker of server computers, expanded its line of blade servers and delivered on a promise to add Intel Corp chips to the computers for the first time. The new Blade 6000 Modular System offers a choice— Bloomberg - 186 words
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Article296 2007-06-07 27 ROLAND UM - By ROLAND UM ENTERPRISES in Singapore can look forward to gaining access to a powerful national grid computing infrastructure that will be offered on a pay-per-use basis by early next year. The Infocomm Development Authority of Singapore's deputy chief executive, Leong Keng Thai, announced this296 words
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Article, Illustration472 2007-06-07 27 -Reuters [TAIPEI] Consumers hoping to enjoy their favourite comics or Harry Potter book in digital form could soon have a flexible alternative to clunky laptop computers. A group of innovative firms is developing a new generation of thin electronic displays, or e-paper, that-Reuters; AFP - 472 words
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809 2007-06-07 27 ANDREW SOUTER - <you say> Suitable software, along with the right processes, help ease a possibly painful job By ANDREW SOUTER MANAGING an expanding group of IT assets can be hugely demanding and has become an enormous responsibility for many businesses. Many find it809 words
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PROPERTY
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520 2007-06-07 28 Firms alleged to have falsely reported apartment sales to speculate on market Reuters. Xinhua THREE real estate developers in Shanghai are under investigation for fraudulent dealings, the city's housing and land authorities have announced. The news caused the shares of one of the developers, Tomson Group,— Reuters.; Xinhua - 520 words
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166 2007-06-07 28 -AFP [SINGAPORE] The Ascott Group has acquired its fourth property in India as part of the company's push to ramp up its presence in the country, the serviced residence firm said yesterday. Ascott will acquire a 40 per cent stake in the property in-AFP - 166 words
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Article, Illustration265 2007-06-07 28 —Bloomberg [TOKYO] Mitsui Fudosan Co, Japan's largest developer, may introduce takeover defences, after gains in the country's property values prompted two rivals to introduce measures last month to fend off potential hostile bids. The defence plan is being considered because of concerns buyout firms are—Bloomberg; BLOOMBERG - 265 words
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155 2007-06-07 28 -Bloomberg [MANILA] Megaworld Corp, the secondlargest Philippine developer by market value, said it will partner rival Fil-Estate Land Inc in a lakeside residential-resort project south of Manila. Megaworld said the venture will be built on a 731-hectare site in the town-Bloomberg - 155 words
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338 2007-06-07 29 Interest rates may reach 6% this year, 2m first-time home buyers hit hard Reuters [LONDON] More than two million young property owners have conceded they will struggle to meet their mortgage repayments amid rising interest rates. Some 2.07 million homeowners aged between 18 andReuters - 338 words
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Article, Illustration427 2007-06-07 29 UMA SHANKARI - By UMA SHANKARI CITIGROUP Investment Research expects prices of private homes to climb 20-25 per cent this year substantially more than the 12-15 per cent increase the bank predicted just a couple of months ago in April. Home prices rose 10.2 per cent lastFILE PHOTO - 427 words
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1415 2007-06-07 30 PROPFRTYTRANSACTIfiMS RFTWFFN MAY ?8 AMD JUNF 5.2007 PROJECT NAME/ PROP CONTRACT TENURE BUHJ-IN/IAND PRICE PSF STREET NAME TYPE DATE AREA*(SQ FT) (SS 000) (S$) District 01 NON-LANDED Emerald Gdn Apt 16/05/2007 999 829 938 1132 Emerald Gdn Apt 15/05/2007 999 9361,415 words
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725 2007-06-07 30 KALPANA RASHIWALA - Indons lead buyers, followed by M'sians, Aussies, Brits and Indians By KALPANA RASHIWALA FOREIGNERS bought 241 private apartments and condos in the subsale market during the first quarter of this year, up 35 per cent from the preceding three months and725 words
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Page 28 Advertisements
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Advertisement252 2007-06-07 28 i.v :h- ■'V/ \'C^n€tmX I- >y~L e,p*m .cc^Sr^ s CANTEEN FOR SALE BY TENDER Located at Lower Delta Road Y Near HDB estate and JTC industrial estate j S High investment yields Heavy human traffic fißfe—r-s-Z. -n.. Approx. area of 1220 square metres jjj| Tender Closing on 15th June 2007.252 words
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Advertisement90 2007-06-07 28 1~l Plot Ratio 3 I "0" I Site Area: 39,494 sf (approx) plus I m*A7A NC mrt A I some SL available for amalgamation 1 i I Title: Freehold am y B tower* I Zoning: Currently zoned commerical residential BALKTiER I but given outline planning approval for Hotel subject J90 words
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Advertisement283 2007-06-07 29 LINCOLN LODGE PRIME FREEHOLD RESIDENTIAL SITE (DISTRICT 11) 00" Off Newton Road pig to° rt wv Ideal for Luxurious Condominium "♦—To Jurong Entrance to Novena MRT at doorstep Singapore Chinese a Right next to United Sq Novena Sq Girls' School Junior College Q N BUkit Church lifestyle shopping centres Ang283 words
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Advertisement467 2007-06-07 29 Expressions of Interest are Invited Site Area: 22,894 sq. ft. (approx.) Plot Ratio: 1.4; up to 5 storey To Be Sold Collectively To Reach: Messrs Toh Tan Partners 79 Robinson Road #21 -03 CPF Building Singapore *****7 Closing Date: 28th June 2007, 3pm For a limited time only, Performance Premium467 words
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Advertisement277 2007-06-07 30 savis I Freehold Land size 1616.5 sm (17,400 sq.ft approx) Wide frontage with 2 entrances Cul-de-sac with lots of privacy Lush greenery surrounding Ideal for a single palatial home Rarely available For further enquiries, please contact Savills Prestige Homes: Mya Luu 9188 1978 www.savills.com.sg \BtTimah Nature Reserve Site Area 123,955277 words
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