The Business Times, 8 June 2007

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Total Pages: 36
1 36 The Business Times
  • 22 1 The Business Times Friday, June 8,2007 A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg
    22 words
  • 804 1  -  Space at Central fetches record $2,850 psf; 1 Finlayson Green overtakes 1996 high By KALPANA RASHIWALA [SINGAPORE] New record prices have been set for the Singapore office market. Far East Organization is believed to have sold a floor at the 99-year leasehold Central
    Arthur Lee  -  804 words
  • 539 1  -  Number more than trebles to 13 this year By WEE LI-EN [SINGAPORE] More small and medium enterprises (SMEs) have enjoyed blazing growth this year and are being counted among the fastest growing 50 companies in Singapore. While only four SMEs made it
    539 words
  • Page 1 Advertisements

  • TOP STORIES
    • 700 2  -  Financial position of Megan Media unit 'materially mis-stated' By S JAYASANKARAN in Kuala Lumpur MORE corporate governance headaches are emerging in Malaysia amid scandals that have highlighted the role of auditors and audit committees in preventing accounting shenanigans at listed companies. The latest to
      700 words
    • Shake-up at NTUC Income on the cards
      • 227 2 Three top managers quit, two new hires to be named today that the move to restructure and bring in new blood is part of a plan by Income chief executive Tan Suee Chieh to make the cooperative more dynamic and competitive. Mr Tan, who took over the helm at Income
        227 words
    • 744 3  -  It's building 2 ice-breakers headed for Barents Sea By MATTHEW PH AN [SINGAPORE] Keppel Offshore and Marine is pursuing contracts to construct oil rigs and other shipping vessels for use in icy Arctic conditions and deep-sea oil and gas operations, as customers
      744 words
    • 755 3  -  Caretaker leader says it will not be funded by Thaksin By OUR CORRESPONDENT in Bangkok MEMBERS of Thailand's officially disbanded Thai Rak Thai party plan to continue the party's political activities in some form or the other, with their main aim
      REUTERS  -  755 words
    • 501 2 Keppel eyes jobs for vessels in harsh environments KEPPEL Offshore and Marine has depth and ice on its mind as its customers exploit energy reserves in ever more remote locations. Deeper waters mean semi-submersibles, tension leg platforms or other structures are needed and icy regions call for ice-breakers.
      501 words
    • 132 2 sn 3,***** (-17.42) ST INDEX FUTURES 3,550.00 (-17.00) siMsa ***** (-237) SIMSCI FUTURES 437.00 (-1.00) MARKETS Thursday Change U. COMP 1.364.41 -7.97 NIKKEI 225 18.053.38 +12-45 HANG SENG 20.800.16 -18.45 SET INDEX 758J3 -0.59 JAKARTA COMP 2,093.81 -M3 MANILA COMP 3,528.79 -41.68 SEOUL COMP 1,753.04 +10JS SHENZHEN 666.07
      132 words
  • Page 2 Advertisements
    • 8 2 Open up to Japanese business The Nikkei Weekly
      8 words
    • 103 2 people HR's secret weapon. Www thepeopieatwo r k.corr Asra-Pacific Executive Search FordAvenut; JustSoldl $13MI^ Belmont Road 16,300 sq^^^^»l3!x^^ BinjaiPk 20,300 sqf $14.xM Bishopsgate 17,000 sqf $18.xM Bukit Tunggal Rd 20,300 sqf $17.xM Cable Road 36,000 sqf $30.xM Cluny Hill 16,000 sqf $18.xM East Sussex Lane 15,100 sqf 15.xM King Albert
      103 words

  • Page 3 Advertisements
    • 118 3 JBBS+I Ii§ c y; 9USwb^EoSSS^^^m Jlll i'i ***** XXXXXX)WYVxx>BBBBV§><>§ MAKE A MARK FOR YOURSELF. The Jaguar XJ isn't all about technological breakthroughs. It's about a driving experience that never allows technology to overwhelm. It's about getting behind the wheel and knowing Pi r i i 1 Tel: 6378 2626/6378 2627/6378
      118 words

  • COMPANY NEWS
    • 678 4  -  HOCK LOCK SIEW By ANGELA TAN YESTERDAY, Singapore-listed Mediaßing, a leading VoIP telephony service provider in Asia, decided to close a somewhat choppy chapter and cash in on its 29.3 per cent stake in Pacific Internet (PacNet), thereby ending the 15 plus month long battle
      FILE PHOTO  -  678 words
    • 663 4  -  Connect raises offer to US$11 net in cash for each PacNet share By LYNETTE KHOO INTERNET telephony company Mediaßing accepted a sweetened takeover offer by Connect Holdings for its stake in Pacific Internet yesterday, against market expectations that it might make a counter offer.
      663 words
    • 212 5 ALL 273 condominium units offered yesterday morning under the first phase of Capita Land's maiden Vietnamese residential project were fully booked by the afternoon, the company said yesterday. Indicative prices range from US$l,2OO-US$l,6OO per sq metre. The Vista condominium is in the An Phu
      212 words
    • 597 5  -  It offers 64.5 cents a share in deal which values the firm at over $100 m By OH BOON PING COURTS Singapore is now the target of a private equity buyout in a deal that values the furniture and appliance retailer
      FILE PHOTO  -  597 words
    • 362 5  -  By CONRAD RAJ KEPPEL Corporation, the world's largest builder of offshore oil rigs, is getting back in the race after a relatively slow start in securing new orders this year. Its rig-building division, Keppel Fels, announced yesterday that it had secured an order
      362 words
    • 283 5  -  By UMA SHANKARI PROPERTY group UOL yesterday said it has agreed to buy through a collective sale the freehold Oakswood Heights on Spottiswoode Park Road for $132 million. The price paid for the 63,700 sq ft site works out to $740 per square
      283 words
    • 592 7  -  It has available debt capacity of about $193 m to fund acquisitions By MATTHEW PHAN MACARTHURCOOK Industrial Reit (MI-Reit) yesterday got a first-time Baa 3 investment grade rating from Moody's, boosting its maximum gearing limit from 35 per cent to 60 per
      592 words
    • 273 7 RETAIL operator Robinson and Company has signed a franchise agreement to open 13 stores of active lifestyle brand Fat Face across Asia in five years. The deal will mark Fat Face's foray into Asia, with its first store slated to open here
      273 words
    • 449 7 Beng Kuang wins US$9.5m orders BENG Kuang Marine has secured US$9.5 million in work orders from the subsidiaries of Labroy Marine. The contracts for the provision of corrosion prevention services are due for completion by 2009. They are expected to have a positive impact on Beng Kuang's 2007
      449 words
    • 209 7 LOGISTICS company CWT, which recently raised its borrowings by $65 million partly to fund its pipeline of warehouse projects here and overseas, will place out 55 million new ordinary shares at 83 cents each to raise about $44.? million. The placement,
      209 words
  • Page 4 Advertisements
    • 233 4 PropNex Mohamed Ismail AG, CEO PropNex Group t¥£<wflßSßsvßrtk w ji" -ij,- "i TjWBnMTi m 7nil'urirS^^^M si^2flBsssS6fsVstiK'9l% i >, •*> i-: I \^o nfttii BgT s iP'a K-^»-— *3fiEIBHsE"IBI El "rap^s ,^£t.- PropNex is proud to be instrumental in the sale of Northwood land to UIC Ltd by our Investment Sales
      233 words

  • Page 5 Advertisements
    • 161 5 1 > > *-r v $C* 'f, £t'+ jit.; s <s'.# v t *J* t T ■*.'■'■-&!■„s' s i* 4 'Jr s*# y > r -y> V. <'I'*.. f i •..«>> v~> mi'l.*-, k /.-tp f< *I'-'. m" "i*.~ I £®£®ilpMI >f |R3®l?p! ••J i •«v *>- c«- mm I--
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  • Page 6 Advertisements
    • 2049 6 MANDATORY UNCONDITIONAL CASH OFFER By 8 DBS DBS BANK LTD (Company Registration No. *****0306E) (Incorporated in the Republic of Singapore) for and on behalf of Singapore Retail Group Limited (Company Registration No.: *****6 Cl/GBL) (Incorporated in Mauritius) to acquire all the issued and paid-up ordinary shares in the capital of
      2,049 words
    • 2129 6 The BPE Fund 111 is a US$49O million private equity fund that provides buyout/management buyout financing and growth capital for companies in the mid-market sector in Asia Pacific. The BPE Fund 111 invests in growing businesses that require capital for expansion, recapitalisation or to provide liquidity to their shareholders. Primary
      2,129 words


  • SINGAPORE MARKETS
    • 530 8  -  STOCKS Keppel Corp, DBS and F&N among counters weighing the index down CONRAD TAN Reporter THE stock market was pulled in different directions yesterday, with the Straits Times Index (STI) finishing lower after a weak start, despite large gains from some bluechips and stocks
      Source:Reuters  -  530 words
    • Article, Illustration
      615 8  -  Compiled by UMA SHANKARI MacarthurCook Ind Re'rt June 7 dose: $1.35 HSBC GLOBAL RESEARCH, June 7 Macarthurcook portfolio, on an 8.0 per cent cost of equity and an acquisition premium of $0.35 assuming $500 million of acquisitions over FYOB-09 (March) at 7.0 per cent average yield. With a
      Source:Bloomberg  -  615 words
    • 471 8 CURRENCIES AFP [TOKYO] The euro steadied in Asian trade yesterday after slipping back overnight following remarks from the European Central Bank chief who refrained from giving a clear signal of another near-term rise in eurozone interest rates, dealers said. But they said
      AFP; AP  -  471 words
    • Article, Illustration
      930 8 SECURITIES TRADING SCOREBOARD MAIN SOQ TOTAL U» Pom Undl Up Dow UiKh Up Down U«dl Multi Ind 5 9 5 0 0 0 5 9 5 Manufacturing 99 61 62 24 11 20 123 72 82 Commerce 41 17 19 J2 1 _7 53 18 26 Tpt/5tor/Comms J7_ 10 15
      930 words

  • SINGAPORE NEWS
    • 300 9  -  Memorandum of cooperation aims to tap into opportunities there By WEE LI-EN MEMBERS of the Institute of Certified Public Accountants of Singapore (Icpas) now have a new career option they can practise in Vietnam just by passing an exam in English. The Vietnamese authorities
      300 words
    • 455 9  -  ERC awarded former school site for boutique office complex By UMA SHANKARI THE Singapore Land Authority (SLA) yesterday said it has received strong interest for state properties it put up solely for lease as offices earlier this year. SLA has so far awarded
      FILE PHOTO  -  455 words
    • 324 9 New system part of a $26m tie-up with a German firm THE first phase of the Singapore General Hospital's (SGH) neuroscience centre has been completed, with a new non-invasive surgery system already saving lives. The system, Novalis Shaped Beam Surgery, developed by German
      324 words
    • 305 9 THE CPF minimum sum, the Medisave minimum sum and Medisave contribution ceiling will be increased from next month, said the Central Provident Fund Board yesterday. From July 1, the CPF minimum sum will be increased to $99,600 from
      305 words
    • 473 10  -  But most feel FTA does not affect decision to enter or expand there By JANICE HENG SINGAPORE companies still want to enter India or expand there, according to a survey commissioned by International Enterprise Singapore. But only half of those with business in
      REUTERS  -  473 words
    • 361 10 Reuters [SINGAPORE] The hedge fund business is growing far faster in Singapore than elsewhere in Asia, and attracting huge start-up funds, thanks to the favourable tax and regulatory environment, a top ÜBS banker said yesterday. In Singapore, hedge fund assets under management
      Reuters  -  361 words
    • 398 10  -  By RONNIE UM AFTER trying for years, USowned Island Power should finally gain access to the Su-matra-Singapore gas pipeline to bring in its own gas from Indonesia by year-end or early next year. Regulator the Energy Market Authority (EMA) had given an
      398 words
    • 371 10  -  2,000 professionals from advertising, marketing sectors will attend By LYNETTE KHOO SINGAPORE will host the first-ever World Effie Festival from next year, a global event bringing together leaders in communications and related fields to share their marketing experiences. The inaugural event at Suntec
      371 words
  • Page 9 Advertisements
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      79 words


  • FASTEST GROWING 50 SMEs
    • 579 11  -  wee li-en gives a run down of the top 10 companies in this year's FG50 list WEE LI-EN 1. Global Energy Trading This year's fastest growing company was started in 1993 by parent company Global Energy Group to trade and supply bunker fuels. It has a
      FILE PHOTO  -  579 words
    • 603 13  -  By diversifying its business, HUPSteel has been able to benefit from the strong snowing across three different industries, Charmian Kok reports CHARMIAN KOK LATCHING on to the boom in the oil and gas and offshore engineering industries, homegrown steel stockist HUPSteel Ltd has enjoyed exponential
      603 words
    • 621 13  -  Charmian Kok looks at how the company transformed itself into one of the leading providers of clinical laboratory information systems in Singapore CHARMIAN KOK SPECIALISATION and staying focused on its core business is what helped IT solutions company Egis transform itself from a small system-integrated
      ARTHUR LEE  -  621 words
    • 641 15 SMEs are making their presence felt as they take their place among this year's list of Singapore s fastest growing companies WHILE large companies and multinationals have been well-positioned to reap the rewards from Singapore's robust economic performance in recent years, smaller companies are increasingly
      641 words
    • 1308 15  -  By ANG SIEW LIAN TIME flies, even in the life of taxation. In the blink of an eye, the five-year transition from the full imputation system to the one-tier system for the taxation of companies here will come to an end. By Jan 1, 2008,
      1,308 words
  • Page 11 Advertisements
    • 75 11 CoonflMtorWeeLhEn Mtorßanetoh S«l>-«dKor Gouw Huat May Ctnmr. Jacqueline Phua Mtfkt iason leong Pfcote: stodiXding v HBh 4 m I The distinction between the I I extraordinary and the good. I HRB HSBC Commercial Banking congratulates Singapore's Fastest Growing 50 Companies. |H •Hi j COMMERCIAL BANKING xISBC 41k L The world's
      75 words

  • Page 12 Advertisements
    • 198 12 H|B <r^^^^r 7 ti| vv* *^fipl£v £^Tl^ stories of personal determination and corporate achievements. The first industrial hardware company to list on the Singapore Exchange, Hup Steel has gone on to bag numerous accolades culminating in the Fastest Growing SOCsMoation. #-'v ■■•■-■e>.M l W This honour is a strong endorsement
      198 words

  • Page 13 Advertisements
    • 129 13 Different businesses often H share the same ambition. u H Achieving excellence. At HSBC Commercial Banking, we value the uniqueness of every business. |^n At the same time, we know that two clearly diverse companies can have flB common goals. Like gaining recognition, for one. It is our in-depth knowledge
      129 words

  • Page 14 Advertisements
    • 37 14 Ranking Name Ranking|^^B^J CERTIFICATION BODY SUPPORTING ORGANISATIONS GOLD SPONSOR s!l Ernst &YOUNG THE BUSINESS TIMES HSBC H> INFORM ATI O N Quality In Everything We Do GROUP "Building trust in a connected world" SPRING R Singapore Singapore
      37 words

  • Page 15 Advertisements
    • 102 15 Realise Efficient and Effective Clinical Laboratory and Blood Transfusion safer choice Forward Information Management Systems i Congratulations to EGIS HEALTHCARE TECHNOLOGIES PTE. LTD. f on being awarded SINGAPORE FASTEST GROWING 50 2007 I 9 P V y Best Wishes from MM] JAPAN TELECOM ■■■■I Softßank Sumitomo Corporation (Singapore) Pte. Ltd.
      102 words

  • ECONOMY WATCH
    • 322 16 —Bloomberg [JAKARTA] Indonesia's central bank says there is room to reduce interest rates further, after taking advantage of the slowest inflation in six months to cut borrowing costs for the 12th time since May last year. Bank Indonesia, "as expected", reduced
      —Bloomberg  -  322 words
    • 674 16 Bush says US will be actively involved in a post-Kyoto framework Reuters. Reuters, Bloom berg [HEILIGENDAMM, Germany] Leaders of the Group of Eight (G-8) meeting here have agreed to pursue "substantial" cuts in world greenhouse gas emissions, though it falls short of
      Reuters.; Reuters, Bloom berg; REUTERS  -  674 words
    • 405 16 Thailand suffered the biggest drop in consumer confidence —Reuters [HONG KONG] Consumers in India are the most upbeat in the world while consumer confidence in Hong Kong is at an all-time high, bucking a dip in global sentiment from six months ago, a
      —Reuters  -  405 words
    • 464 16 -AP, Bloomberg [WELLINGTON] New Zealand's central bank surprised markets yesterday by raising its key interest rate to a record high 8 per cent from 7.75 per cent in a move to curb inflation. The Reserve Bank cited strong domestic demand, a buoyant
      -AP,; Bloomberg  -  464 words
    • 2377 16 VOL 1—7 Ml w- rrnt) A A M Realty 2.72 -031 26 AbricBhd 031 OOI 3* Advance Synergy 031 -OjOI 44S Advent* Bhd 121 -0.01 342 AeMuIti Hldgs .0.32 -002 244 Affin Holdings 2J0 -0X12 1147 Ahmad Zakitaou. .3 42 0.12 3S2 Ax Corp 041 0.06 35 AirasiaBhd
      2,377 words
  • Page 16 Advertisements
    • 133 16 "f"' 'flip l f L K •-k L' pr-*' Arti^the Jltttctti, CMLtteSUI exhibition opening reception: Saturday, 9 June 3 pm iAi<:A H pTA o^rTp^?F Tl ßmiNir Xue Songs artistic worl(S are centred on P ersonal JAKARTA SINoArOKb BbIJINO character and cultural identity, with the purpose of expressing how peoples'traditional culture
      133 words

  • MALAYSIA/INDONESIA
    • 517 17 Infection limited to three villages near KL,no human cases reported: officials -Reuters [KAMPUNG PAYA JARAS HILIR, Malaysia] Malaysia has confined bird flu to three villages near its capital as teams of government workers and volunteers cull flocks of chickens and ducks to stamp
      -Reuters; REUTERS  -  517 words
    • 165 17 Reuters [JAKARTA] Indonesia has no plans to raise the tax on stock transactions, the finance minister said yesterday, remarks that analysts said should quell worries in the bullish Jakarta stock market. Sri Mulyani Indrawati's comments came after media reports suggesting the
      Reuters  -  165 words
    • 328 17 -Bloomberg [KUALA LUMPUR] Proton Holdings Bhd shares pared gains after Germany's Volkswagen AG denied a report it will probably buy a controlling stake in a new unit holding the assets of the unprofitable Malaysian auto maker. Proton stock closed up 10
      -Bloomberg  -  328 words
    • 294 17 -Reuters [JAKARTA] Indonesia hopes to raise more than US$l billion from selling a 30 per cent stake in the country's third-largest lender, PT Bank Negara Indonesia (BNI) Tbk, the state enterprises minister said yesterday. The government hopes to list BNl's
      -Reuters  -  294 words
  • Page 17 Advertisements
    • 162 17 mHBi PlMira|re? i WBKsSfk -I j Ik I mm -•,<■, 4 ?>,-•• --.if 'v'T-' 1 p£" INTIMIDATING IN STYLE. NEVER IN PRICE. :Jl CHRYSLER 300 C CHRYSLER 300 C TOURING I 1 e Jt j:^ rHHil&itifer vifrifiriT- i V v .^«*jMwS Bjitfif i/V u k THE CHRYSLER 300 C and
      162 words

  • INDIA
    • 504 18 Exchange-traded contracts, the world's first, will be settled in euros —Bloomberg [DUBAI] Dubai Gold Commodities Exchange (DGCX) will today begin offering the world's first exchange-trad-ed futures contracts in Indian rupees, helping companies and investors hedge against risks. The contracts, linked to the
      —Bloomberg  -  504 words
    • 345 18 AFP [NEW DELHI] Corporate India is still in for a tough fight regardless of a government decision this week to push ahead with Chinese-style business-friendly enclaves, rights activists said. Championed by New Delhi as key to luring foreign investors, special economic
      AFP  -  345 words
    • 6597 18 UNIT TRUSTS FUNDS ABN Amro Asset Mgt (S'pore) Stat Europe Eqty'"._ 1.133/ Star Europe Bond 1183/ Star Europe M 1.272/ Star Asian Tiger Eqty 149/ Star Asia Bond 1.3 34/ Star Asia Balanced... 1 143/ Star Global Technology Fund!" ***** Mult) St Fd 0991/ Star Asa BondlUSO) 0.871/ Gt) Multi
      6,597 words
  • Page 18 Advertisements
    • 61 18 Allianz Global Investors one of the world's largest asset managers with more Allianz (fij) than US$l.2 trillion assets under management as at 31 December 2006. ciobaiinvestors U company no *****/169/ ,I, t 11 ,11 SCORE IN EMERGING MARKETS (Fh Try our online quiz at www.franklintempleton.com.sg and v/in attractive prizes!* FRANKLIN
      61 words

  • GREATER CHINA
    • 419 19 -Bloomberg [BElJlNG] .China should keep its current capital controls and only allow international capital to enter and leave the country using the so-called QFII and QDII investment programmes, a central bank monetary policy adviser said. "China shouldn't relax the current capital controls because our financial
      -Bloomberg; AP  -  419 words
    • 563 19  -  Consumer poll reflects buoyant market activity in first quarter By JANE MOIR in Hong Kong HONG Kong consumers are more likely to put any spare money into the stock market than to spend it or put it into a savings account,
      563 words
    • 471 19 SFC denies move is to fend off S'pore competition [HONG KONG] The Hong Kong Securities and Futures Commission (SFC) will streamline licensing requirements for brokers, bankers and fund managers, making it easier for global financial institutions to operate in Hong Kong and boosting the
      471 words
    • 234 19 -AFP [BEIJING] More than 9.5 million Chinese teenagers started a tough two-day exam yesterday that will decide if they can go to college, amid concerns that cheating will taint the process, state media said. Nervous youngsters, most of them accompanied by their equally worried
      -AFP  -  234 words
  • Page 19 Advertisements
    • 249 19 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
      249 words

  • MIDDLE-EAST
    • 249 20 Bloomberg [HEILIGENDAMM, GERMANY] British Prime Minister Tony Blair said he stood by his decision to drop a corruption probe into BAE Systems' sale of arms to Saudi Arabia, saying it would have made a "complete wreckage" of relations with the
      Bloomberg  -  249 words
    • 462 20 UAE Central Bank governor rules out any change to his forex policy Reuters [DUBAI] Creating a single currency for six Gulf Arab oil producers could take longer than the initially agreed 2010 deadline, said the United Arab Emirates Central Bank governor yesterday.
      Reuters  -  462 words
    • 264 20 -Reuters [DUBAI] Dubai's futures exchange expects to start trading plastics contracts in the third quarter to cater to the rapidly growing petrochemicals market in the Middle East. The Dubai .Gold and Commodities Exchange (DGCX) is based in the commercial hub of
      -Reuters  -  264 words
  • Page 20 Advertisements
    • 263 20 Di ners Club Card To appl# ca*****6 0980 I A World of Exclusive Privileges Treat* Diners Club aHH««^HMaMMBJ[iIIIHSSSBfiB^^^^^^IIH[H!^^BI SwissotelThe Stamford, Level 2,2 Stamford Road, Singapore *****2 p SWISS tt ()NI Yll IE BEST FOR MY I)AD, BECAUSE MY DAD'STIIE BEST" We set off with the objective to spoil dad and
      263 words
    • 163 20 c @ete&iate' &)ay Cate Georges. Level 3 Sunday, 17 June 2007 To honor a* the special dads out there. Cafe Georges invites all father* to dine FREE (wNh every 4 persons par table), and that's not alt. father win also receive a complimentary bottle of wine (par table)) Exclusive 20%
      163 words
    • 71 20 The Atrium Deli (1-30 June) Beer amisu and Beer loaf from'|l6* onwards. Global Kitchen (17 June) Luxurious Sunday Brunch at 175* per person. Brunch (17 June) Bond with your dad and stand a chance to win a luxurious weekend stay. Hai Tien Lo (1 1-17 June) Palatable pleasures with 3
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    • 119 20 indulge t at Park w Fries Par Person: $27+++ (lunch) $38+++ (dinner) Price Per Parson: $38+++ $48+++ Reservations: 6432 5567 Reservations: 6432 5543 Indulge at Park's savour)' buffet selections specially prepared for this day will definitely get Dad's thumbs up, or a Special 7-Course Cantonese set menu awaits him at
      119 words
    • 2 20 Good gains
      2 words

  • ASIA-PACIFIC/WORLD
    • 623 21 It would tie up with other investors in making a bid, says CEO Tierney AP, NYT. Reuters [PHILADELPHIA] The company that owns The Philadelphia Inquirer would be interested in joining a bid to buy Dow Jones Co, The Inquirer reported yesterday. "If there was a
      AP,; NYT.; Reuters  -  623 words
    • 252 21 Reuters [NEW YORK] Hedge fund managers are accusing Bear Stearns Cos of trying to manipulate the market in securities based on subprime mortgages, the Wall Street Journal reported in its online edition. The confrontation provides a rare look into the complex trading
      Reuters  -  252 words
    • 455 21 -Reuters [LONDON] British sportswear tycoon Mike Ashley has agreed to take over English Premier League soccer club Newcastle United in a cash deal valuing it at around £134 million (*****.9 million). The takeover of the north east of England club by
      -Reuters; AP  -  455 words
    • 504 21  -  By MATTHEW PHAN ALMOST half of corporate and a quarter of private equity sellers in merger and acquisition (M&A) transactions feel they could have extracted more value, after post-completion disputes, warranty claims and other issues, according to a study by KPMG. The survey, only the
      504 words
    • 53 21 Reuters. AP Euro 2008 official mascots Trix (left) and Flix pose for photographers during the EURO 2008 countdown clock unveiling ceremony in Zurich yesterday. It marked the start of the one-year countdown for the event that will kick-off on June 7.2008 with the opening match in Basel. Switzerland.
      Reuters.; AP; REUTERS  -  53 words
    • 414 21 LATEST US DATA Bloomberg [WASHINGTON] Inventories at US wholesalers rose in April while sales increased faster, setting the stage for an increase in production. Stockpiles rose 0.3 per cent, in line with forecasts, after a 0.4 per cent increase in March,
      Bloomberg  -  414 words
    • 357 21 —Bloomberg [NEW YORK] Barclays Global Investors is struggling to break into the US$2.4 trillion US pension market because the biggest US retirement-plan managers will not offer exchange-traded funds (ETFs), the company's hottest-selling product. Barclays Global is the world's largest ETF
      —Bloomberg  -  357 words

  • AVIATION
    • 248 22 —Reuters [MILAN] Italian holding company Gruppo Gemina plans to offer as much as 1.2 billion euros (552.5 billion) to buy out Macquarie Airports' stake in Rome's airport operator, sources familiar with the matter said. Shareholders in Gemina, which has 51 per cent
      —Reuters  -  248 words
    • 375 22 Airlines say meeting quota will cost them 45b euros —AFP [BRUSSELS] European airlines warned on Wednesday that EU proposals to impose carbon dioxide emissions quotas on carriers from 2011 "will jeopardise" the industry. While describing the proposal as a "positive and innovative step",
      —AFP  -  375 words
    • 242 22 -Reuters [MOSCOW] Russia's flagship carrier Aerqflot will revive a US$2 billion deal to buy 22 Boeing 787 jets, Kommersant business daily reported yesterday, citing industry sources. The deal was frozen in 2006 due to what analysts said was worsening political relations between Moscow and
      -Reuters  -  242 words
    • 143 22 —Bloomberg [MOSCOW] OAO Aeroflot, Russia's largest airline, plans to borrow 800 million euros (Ssl.7 billion) to help finance its bid for a 39.9 per cent stake in Italian carrier Alitalia SpA. Four banks, including UniCredit SpA, have been chosen to arrange
      —Bloomberg  -  143 words
    • 231 22 He was hired just months before firm slid into bankruptcy AFP [BUELACH, Switzerland] A Swiss court yesterday acquitted the former chief executive of Swissair, Mario Corti, for his role in the spectacular collapse of one of Europe's leading airlines six years ago. Mr Corti, who
      AFP; AP  -  231 words
    • 230 22 Berna ma [BEIJING] China's aviation industry is expected to carry 16 per cent more passengers in 2007 as more people are travelling, the General Administration of Civil Aviation (GACA) said. The aviation industry will carry a total 185 million passengers and
      Berna ma  -  230 words
    • 227 22 Bloomberg [LONDON] Easy Jet Group pic, Europe's second-larg-est discount airline, flew 14 per cent more passengers in May with sales promotions and lower fares. The airline handled 3.35 million travellers last month, compared with 2.94 million a year earlier, Luton, England-based Easy
      Bloomberg  -  227 words
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    • 27 22 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantia! shareholders. In other words, news you can use. 11 > j 111 *****
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  • SHIPPING
    • 826 23  -  ADMIRALTY CASEBOOK Move follows January grounding of Indian-flagged Desh Rakshak By SELVA KUMAR PORT Phillip sea pilots in Melbourne has ordered all expected transit times of deep draught tankers to be checked to determine if passage through the entrance to the Port Phillip Bay is
      826 words
    • 272 23 Port says it may surpass S'pore to become world's busiest port in 2008 Bloomberg [SHANGHAI] Shanghai Port, China's busiest container harbour, moved 21 per cent more boxes in May from a year earlier, as increasing trade in the world's fastest-growing major economy
      Bloomberg  -  272 words
    • 164 23 Bloomberg [DUBAI] Fujairah Port in the United Arab Emirates resumed offshore bunkering and vessel operations after a two-day halt caused by tropical cyclone Gonu. The UAE port, one the world's largest for fuel-oil bunkering along with Rotterdam and Singapore, "started functioning as normal",
      Bloomberg; AFP  -  164 words
    • 432 23 —Reuters. AFP [SINGAPORE] Tropical Cyclone Gonu waned further as it moved towards Iran through the Gulf of Oman, but is likely to skirt the Strait of Hormuz. a key shipping lane for oil ship? ments in the region, forecasters said yesterday.
      —Reuters.; AFP  -  432 words
  • Page 23 Advertisements
    • 65 23 Game, set and win! Want to know how you can get a 20% discount off Che Che New York's Sportsline collection? PLUS a special edition Che Che New York plate is up for grabs! Find out more when you pick up your copy of to mC^ The Business Times Organised
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    • 734 23 MARITEC FUEL TESTING SOLUTIONS The Fastest Crowing international Fuel Testing Service Express Worldwide DHL Courier Weft Qualified Management leant ISO Accredited Laboratory 1 1 I Marftrr Ptc Ltd Cats Notices tsnnsnneovross Prequaltfication of Contractorsfor the Electrification Project on Vilufushi Island, Republic of Maldives British Red Cross invites established construction firms
      734 words

  • EDITORIAL & OPINION
    • 482 24 EDITORIAL SCANDAL in the charities sector, headlined most prominently by the National Kidney Foundation debacle, is symptomatic of the growing pains of a sector that has long thrived on "cheque book giving". The predominant practice of a donor is simply to write a cheque for a
      482 words
    • 967 24  -  It's time they started investing more boldly or else buyout funds are bound to come a-calling Andy Mukherjee Bloomberg THE world's richest Indian recently lost an opportunity to get even richer. Lakshmi Mittal, who was in the race for Mitsui Co's H controlling
      Bloomberg; PHOTOS: BLOOMBERG  -  967 words
    • 761 24  -  THE BOTTOM LINE FRANK CHING LAST week, Japanese Prime Minister Shinzo Abe paid respects at Chidorigafuchi cemetery the country's tomb of the unknown soldiers a secular memorial unlike the controversial Yasukuni Shrine. The cemetery, established in 1959, holds the remains of more than 350,000
      761 words
    • 1100 25  -  Moves to encourage the employment of older workers can be augmented by objective hiring practices By ALEX LEE SINGAPORE has one of the fastest ageing populations in Asia. The proportion of people over 65 is expected to nearly treble to 30 per cent by
      1,100 words
    • 659 25  -  Such obscure design works prove the lingering demise of the logo-branding industry By NASEEM JAVED THERE is absolutely nothing wrong with the London 2012 Olympics logo. There is something seriously wrong with the lo-go-driven branding industry at large. As this new logo
      AP  -  659 words
    • 423 25  -  LETTER TO THE EDITOR Leong Sze Hian I REFER to the report, "Nets defends fee hike against Case" (BT, June 6). The increase in fees from the current 0.35 to 0.55 per cent, to 1.5 to 1.9 per cent, is an increase of
      423 words


  • 11000 26 SGX MAINBOARD Transaction date: Jun 7 S2-M Tel Last Vol Day Last Quote Div GrVW Net MCap High law Ml Company Salt ('000) High Low Buyer Mto Cvr Wt 35 2 5716 1st Software 2 susp 81 18 6 3148 STelecdm 17 +0.5 2231 17 165 -16.5 17
    11,000 words

  • 6221 27 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS In US$ dy %yr %dy yr *dy *yr Jun6 Index Change Change Change Change Change Change The World Index Pretiminafv 1181.2 -1.0 73 -0.8 8.3 -1.0 8.4 t EAfE Preliminaiv 1188.8 -12 7.3 -1.0 8.7 -1.1 8.8 Europe
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  • Page 28 Advertisements
    • 1449 28 UK COMTIMENT SERVICE UA* 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 MIPPLE-EAST SERVICE F.EJS.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,
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    • 666 28 VBSa/VOT murnrn HBCHW WO «H Id I SW I JKT STumoovssn 27/05 31/05 ovu 05/04 STUITSSUCCBSI* )0 43 14/04 11/04 AUSTRALIAN RQRO SERVICE I vßsa/vor I mmpwtT hbgwip) m i sm i mb stp m m he DRESDEN /044 100 5.0 26-26/05 W-01/04 11 11/04 13-14/04 14-14/04 20-20/04 FOWUNA/029 3
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  • Page 29 Advertisements
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    • 1005 29 |-|T\ EASTERN CAR LINER, LTD SPECIALIZE IM RORO HEAVY UFT UfTO 450 TDHS wt t—oro uwwom |sj|w|wi|iT|m|iß war Is I II I I BE I I I I I PIffIWWIWWWiTO VOT iMpffT) Uhta|(KT} SMGAPOtf CU TGM 00 KOI (OSMKtmUtN6t» 1 130 30 40 28/4 02/07 08/07 vot jaljj smgapo« yumvostw
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  • The Business Times Shipping Times
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  • Page 30 Advertisements
    • 415 30 |gHyQBH| IRISL/ QHm IknTgjmft to flfo© Oft(sJ&s^pQs dxgtpg)® 0(})(P£)W(s)lh MSI ®ff Holding) flfso* &s> ipofiifiite Son Uoram ®q W®ISI ®a Q® <SJM&> oomflffitea to tfb® ik&tfmi) Qveiimito Qdm&* SINGAPORE REGIONAL OFFICE: AGENT IN SINGAPORE: AGENT IN MALAYSIA: AGENT M INDONESIA: IRISL ASIA PTE LTD SINOSE MARmME PTE LTD BOUSTEAO SHIPPING
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  • Page 31 Advertisements
    • 4427 31 T X fk 01 (Company Registration Number *****01OOR) (Incorporated in the Republic of Singapore on 23 March 1964) NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Ban Joo Company Limited (the "Company") will be held at 18 Cross Street Bth Floor Marsh McLennan Centre Singapore *****3 on 25
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    • 2447 31 <®> PCA TECHNOLOGY LIMITED Company Ragiatrabon No. *****0936N (Incorporatod in to Republic of Singapore) Notice of the Thirteenth Annual General Meeting NOTK2 S HERHfIr GWN mat tie Thkteenlh Annual General Meeting ot the Company wa be held at 4 loyang Lane *05-02 loyang industrta Estate. Singapore *****4 on Tuesday the
      2,447 words

  • ARTS FEST
    • 751 32  -  New setting used to create a visual system of symbols that heightens the drama of the piece, says PARVATHI NAYAR PARVATHI NAYAR HAKESPEARE'S famous plays like Romeo and Juliet may be familiar ones, but over the years have been given a fresh lease of
      751 words
    • 462 32  -  By STEPHANIE BURRIDGE THE Singapore dance scene is a growing hub for independent artists and the Forward Moves season, initiated last year by the Singapore Arts Festival as a platform for young Singaporean choreographers, is building a strong following. This year's programme featured new
      462 words
    • 381 32  -  By TAMMY L WONG ONE is Kathak/contemporary dance-trained. The other is a legendary ballerina. Together, they form Sacred Monsters, a ravishing tour de force, described by The Times as "an extraordinary meeting of minds and bodies". British Indian Akram Khan explained in an early
      381 words
    • 503 32  -  By MELISSA LWEE A GOOD arts festival is not just about performances, it's about the coming together of aficionados as well. This year's Singapore Arts Festival (SAF) has done just that by arranging, for the first time, a festival club at The Substation and Timbre
      503 words
    • 273 32  -  Compiled by AMANDA DE GUZMAN Sacred Monsters: Eminent ballerina Sylvie Guillem teams up with celebrated choreographer Akram Khan to bring together the two classical dance forms of ballet and kathak. Bpm, until June 9, Esplanade Theatre, Tickets $30 to $120.
      273 words

  • CINEMA/MUSIC
    • 585 33  -  Part three of the heist series is still entertaining, says GEOFFREY EU GEOFFREY EU IT MUST be nice to have friends like Danny Ocean (George Clooney), Rusty Ryan (Brad Pitt) and the rest of Ocean's gang guys who are willing to stake all their
      585 words
    • 322 33  -  By GEOFFREY EU MEN In White is writerdirector Kelvin Tong's uniquely Singaporean comic take on everything you didn't want to know about six ghosts who live in an empty HDB apartment right down to their sexual practices and toilet habits. There's
      322 words
    • 283 33  -  DVD By PARVATHI NAYAR INSIDER/OUTSIDER glimpses of a city where residents and tourists find, lose or understand love. That's Paris Je T'aime, an anthology film made up of 18 shorts about love in the city of Paris, put together by
      283 words
    • 531 33  -  Reviewed by BEN MUNROE A Tribute to Joni Mitchell Various Nonesuch/Warner Rating: C That's Life Russell Watson Decca/Universal Rating: B YOU only have to look at the premise behind the Joni Mitchell tribute album to get an inkling of what it's going to
      531 words
  • Page 33 Advertisements
    • 64 33 EPKE jSjpiPßfiPllMj BUY/SELL ROLEX/PATEK PHILIPPE j/ JT S BREGUET PIAGET /AP -f- jk VACHERON/IWC/ JAEGER •#Ol-45A Peninsula Plaza 6334 0155 (#1 fit:*: III) #02-90K People's Park Complex 6327 4628 •#Ol-45 The Bencoolen 6333 1921 (MMW/SIW •#Ol-51 Orchard Plaza 6836 3272 •#Ol-46 Peninsula Plaza 6334 8919 #01-44 People's Park Centre 6533
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    • 63 33 r*Q Singapore's only self-grill l£3a yakitori using Japanese •jj} binchotan (white charcoal) Father's Day Special Available from 13th to 17th June, Lunch Dinner Chefs Set Usual Price SI 18++, Now $68++ (for 3 persons) Plus other Chefs Special at 20% discount. Sumi Yakitori 176 Orchard Road, The Centrepoint "New Wing",
      63 words

  • EPICURE
    • 1024 34  -  It's just like that from France, a top chef and a truffle importer here tell Jaime Ee. Jaime Ee. LOOKS like a black truffle. Smells like a black truffle. Even trained dogs think it's a black truffle. That's because it is a real tuber melanosporum
      1,024 words
    • 497 34  -  By CHRISTOPHER LIM CHATEAU La Lagune has been plagued by inconsistent quality in the past, and its vintages in the 90s never broke the 90-point mark in Robert Parker's ratings, but its current owners have turned that around with an extensive revamp after the French
      497 words
    • 638 34  -  By KAREN PAGE ANDREW DORNENBURG -LAT-WP WE'D bet that some of the best wine and food pairings of your life perhaps port with Stilton cheese, or Sauternes with foie gras have sweet wines to thank for their role in elevating the match. Sweet
      -LAT-WP  -  638 words
    • 542 34  -  By CHRISTOPHER LIM SOME may think that pairing wine with the appropriate kind of food is some arcane art, but Beringer's Jerry Comfort has been dispelling that notion for years. The brand ambassador for the Californian winemaker was in town recently to
      542 words
  • Page 34 Miscellaneous
    • 253 34 CRYPTIC CROSSWORD 7 Established trades put in position (7,2) 10 Note leading actor takes the jHT fewest things possible (6) 11 Herb is awfully arrogant (8) 110 I I I r|HtTl 12 Poor singer wants to pack it in 14 Rather good-looking (6) H 16 Fail to answer, yet be
      253 words

  • NIGHT OUT
    • 797 35  -  Successful young mixologist Claire Smith tells MELISSA LWEE how she proved she was not just a novelty act in the cocktailing world Melissa Lwee WHEN Claire Smith graduated from law school in Nottingham Trent, it seemed natural that she would become a barrister.
      797 words
    • 598 35  - Enter The Arena a $3m club By MELISSA LWEE JUST when we thought that Singapore has had its fill of nightspots, The Arena, a 930-sq-m club, opened its doors last Friday at Clarke Quay. Opened by brothers Richard Lim, 30, and Mike Lim, 27, The Arena is not some sort
      598 words
  • Page 35 Advertisements
    • 214 35 Knnual 31 I WAREHOUSE I SALE We serve you GOLF, all round I L a I Jf I H 9b 1 Callaway X-18 Irons J with FREE Cart Bag I II Graphite 3 9PSI Steel 3 9PS H Callaway ERC Fusion I t It Hp Wm USUAL: 1017.19 Callaway X-460
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  • executive lifestyle
    • 570 36  -  off the cuff jaime ee SCENE: Court of law. Location: Not here. Case being tried: Not very sure, because it keeps getting postponed. Witness: Badminton player. Exhibit A: One shuttlecock. Lawyer for plaintiff: someone with the aura of a champion. Lawyer for
      570 words
    • 1809 36  -  The business fable genre is gaining popularity with busy executives as it offers fast-to-read bite-sized lessons, writes PARVATHI NAYAR PARVATHI NAYAR /m Mk mm OST CEOs were fixated JJ 1% Mm on results before I mm reaching their ultimate *1 Mm jobs. Once they
      1,809 words
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