The Business Times, 11 June 2007

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Microfilm: NL27733
Total Pages: 30
1 30 The Business Times
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  • Title Section
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    20 1 The Business Time SINGAPORE 85 cents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 ■Monday, June 11,2007
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  • Article
    Lock icon Companies clamouring for contract workers
    950 1  -  Tighter labour market hiring flexibility cited By NANDE KHIN DANIEL BUENAS [SINGAPORE] Shorter business cycles, a tightening labour market and a desire among companies for more flexibility in recruitment is pushing up the demand for contract workers, say recruitment agencies. Recruiters tell BT that they
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  • Article
    Lock icon MARKETS DIGEST
    139 1 MARKETS Week Chge STI 3491 59 -56.73 KLCOMP 1352J9 -7.68 NIKKEI 225 *****.09 -179.79 HANG SENG *****.15- -93.72 SET INDEX 752.00 -1.93 JAKARTACOMP ...2054 45 -29.87 MANILA COMP .3526.73 -20.62 TAIPEI TAIEX 8300.71 +50.81 SEOUL COMP 1727.28..-.. +11.04 SHENZHEN B 672 02 +19.69 AUSTALLORD 6258 40 ...-105.10 DOW
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  • Article
    Lock icon Rising rates create risk of Asian crisis: experts
    669 1  -  Unwinding of yen carry trades may trigger financial storm By ANTHONY ROWLEY in Tokyo ANOTHER emerging market debt crisis similar to the one that hit Asia and other developing regions 10 years ago may be brewing as global interest rates begin to
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      32 1 8 BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account log on to http://business-times. asial .com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838
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      42 1 SACRED MONSTERS Entertaining journey to a sacred place arts eest, page 12 y jf B s B Hpf I m K^n k R^R M W m Mm m p r i IE M W A ■T'" 1 ft 5 W H II
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  • TOP STORIES
    • Article, Illustration
      Lock icon Rising bond yields trigger sell-off jitters
      879 2  -  WALL STREET INSIGHT Uncertainty may stay until economy can handle higher interest rates By ANDREW MARKS in New York PRESSURED by rising bond yields and interest rate jitters, US equity market investors led the way in a global sell-off through much of last week
      Source: Bloomberg; AFP  -  879 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      489 2 URA studying plans for prime sites MORE prime sites here could become available if studies by the Urban Redevelopment Authority on some of these potential sites prove feasible. So far, URA has revealed that it is studying the areas around Scotts Road and Goodwood Hill, as well as
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    • Article, Illustration
      Lock icon URA studying plans for prime sites
      689 3  -  State land in Scotts Rd, Goodwood Hill, North Bridge Rd areas under study By ARTHUR SIM [SINGAPORE] More prime sites could be made available if ongoing studies by the Urban Redevelopment Authority (URA) on some of these potential sites prove feasible. So far, URA
      FILE PHOTO  -  689 words
    • Article, Illustration
      Lock icon SGX aims to capitalise on unique advantages
      781 3  -  By WEE LI-EN [SINGAPORE] With bourses around the region competing fiercely for listings, the strategy of the Singapore Exchange (SGX) is to try and offer something unique, SGX's head of listings Lawrence Wong says. "The smart way in dealing with competition is not
      781 words
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      76 2 Reach New Heights Innovative Solutions in Islamic Banking and Finance jfflYm&KZa In line with Singapore's key strategy to be the oß^> aHM fronH-unner in me race to be a financial maHcet leader in the region by launching Islamic banking and finance products, we bring you the University of Wales (UK)
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      351 2 people Your search ends here. www.thepeopieatwork.com Asia-Pacific Executive Search EXECUTIVE COACHING ACCREDITATION a I .oH!.. initioiiun Q,. udmi Aoio 03,1 Stephen *****478 or Executive CMC email: Itephei*©hrm3a«la.eam Considering Executive Coaching as a Career Option? v for more details. Training your Leaders to Be Better and More Effective Coaches? 1. OBJECTIVES:
      351 words
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  • Page 3 Advertisements
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      10 3 RQI LITE* I:WHJ:Idd3U The Control of Heat and Light www.rollite.com
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      72 3 iv i r>T ddummiih._ l iffi/ »j» A 4i_it i r i 1 Iff I Since 1856, we have focused on bringing new perspectives to our clients. It's a tradition based on analyzing both your specific needs and the international markets to identify future opportunities for you. By creating solutions
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon After months in limbo, US bond market returns to the fore
      700 4  -  STOCKS R SIVANITHY Senior Correspondent THIS time last week, the preoccupation was with how the China stock market would react to more threats of official intervention to curb speculation there, the worry being that equities might finally crash after
      700 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      602 4 reymeei ktta Fly Papwt t« looks »•> 1«1 ttl <«1. iffll <fi» Ad«np«k MP UHtp mMy 1*U> Lya* HaogSeng tOuSS a b*34 llrt 14-Mi 03 lui Adampak f 100 OJ-Uar lOMay IBJun Wtegrator y 1W 01-Jun BMW 16)jr Artvimegrntet) til BMt 28w»y lJ-jun OnaWI 8 Oil QIMq OMtey
      602 words
    • Article
      Lock icon Asian units mostly up against US$
      257 4 CURRENCIES —AFP [HONG KONG] Asian currencies ended last week mostly higher against the US dollar, with the Japanese yen buoyed largely by the weakness of US shares as interest rate and inflation fears agitated investors. Japanese yen: The yen edged up slightly in the
      —AFP  -  257 words
    • Article
      Lock icon Oil ends flat; gold and silver retreat as US$ strengthens
      477 4 COMMODITIES AFP [LONDON] World oil prices bounced higher last week, but ended on a flat note as traders tracked US supply news alongside a rogue cyclone in the Middle East. Precious metals gold and silver retreated as the US dollar
      AFP  -  477 words
    • Article, Illustration
      Lock icon BROKERS' RECOMMENDATIONS
      2100 4 Consensus No.of Forecast Mean Frfs recommendation esti- EPS PE target price Company name This wk Last nrth mates (cents) (ratio) price (S) Advanced Holdings 2.50 4.00 2 3.35 13.13 0.40 0.48 Allco Commercial REIT 1.50 1.50 6 5.14 24.30 1.52 1.27 Allgreen Properties 2.78 2.89 9 8.18 24.46
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  • COMPANY NEWS
    • Article
      Lock icon London's AIM eyes more Asian IPOs
      489 5 Reuters [SEOUL] London's Alternative Investment Market (AIM) believes it is well positioned to win listings from smaller Asian companies despite intensifying competition from regional bourses seeking to get into the game. Martin Graham, director of markets at the London Stock Exchange (LSE) and head
      — Reuters  -  489 words
    • Article
      Lock icon Get friendlier— or lose customers
      697 5  - Get friendlier or lose customers HOCK LOCK SIEW By SIOW LI SEN RECENTLY, some Singapore Telecommunications customers received a letter from the telco informing them of a free upgrade to a new handphone, including free billing for six months to thank them for staying on with the operator. One retiree
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    • Article
      Lock icon Banks see 60% rise in investment banking fees
      512 5  -  They have earned more than half of the US$454.7m they made last year By WEE LI-EN BANKS in Singapore have been making a lot more money this year from buoyant takeover activity and equity issuance. According to data from Thomson Financial, banks
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  • Page 5 Advertisements
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      417 5 |£S iM 1 W 1 I YOU MEET. \Wirm LEAVE EVERYTHING ELSE TO US YOU AND US Understanding that it takes total commitment for your event's success is imperative at M. We believe in building sound partnerships through sharing your objectives and seamlessly delivering the experiential effect to your audience.
      417 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Portfolios make strong gains despite STI weakness
      1332 6  -  TEH HOOI LING Senior Correspondent DESPITE the weakness in the Straits Times Index it fell 1.6 per cent week-on-week for its biggest decline in some four months all our portfolios ended stronger. The portfolio which posted the biggest gain is the one-year top
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    • Article
      Lock icon Fund managers most active in buyers' market
      1190 6  -  INSIDE MARKETS By ROBERT HALILI BUYERS dominated trading last week with 20 firms recording 51 trades worth $14.5 million versus six companies with 24 disposals worth $5.3 million. The heavy acquisitions was not surprising as sentiment was positive last month with net buy
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    • Article
      Lock icon Untitled
      537 6 STRAITS TIMES INDEX STOCKS Stock name Wft doic Change Allgreen 0.59 1.990 -0.010 Ascendasreit 0.97 2.740 -0.040 CapitaComro 0.60 3.000 -0.040 CapitaLand 5.02 7.900 -0.100 CapitaMall 1.05 4.080 -0.120 Chart SemiCond 0.70 1330 -0.020 CityOev 3.13 16.700 -0.600 ComfortDHGro 149 2.180 -0.060 CoscoCorp 0.96 2.980 +0.020 Creative Tech 0.20 7.950
      537 words
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  • Company news
    • Article
      Lock icon Koh: I am not a 'venture capitalist'
      237 7  -  LETTER TO THE EDITOR Koh Boon Hwee I REFER to the article titled "Mediaßing can now move on" (BT, June 8) specifically to the third paragraph, in which I am referred to as a "veteran venture capitalist' A "venture capitalist" usually manages a
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    • Article, Illustration
      Lock icon Office properties set to see more price increases
      438 7  -  Research firms relook calls and valuations on major landlord stocks By UMA SHANKARI WHILE a new record price of $2,850 per square foot (psf) has recently been set for the Singapore office market, industry players believe that there is still potential for
      438 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon IT'S NOT JUST MONEY, STUPID
      4395 8 What does an organisation need to do to attract, develop and retain talent? PEOPLE like to be associated with successful organisations and n organisation, as an employer of choice plays a vital role in the attraction of top talent Hence, an organisation needs to build
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  • DINING OUT
    • Article, Illustration
      Lock icon Packing a punch of pleasure
      1308 10 NEW RESTAURANT bistro 793 Bukit Timah #01-01, 793 Bukit Timah Road. Tel: 6463-1233 SEVERAL years ago, a little eatery called Gourmet Cellar in Watten Estate earned a loyal following enamoured of the chefs easy approach to French bistro cooking. Buoyed by his growing fan base,
      PHOTOS: ARTHUR LEE  -  1,308 words
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      4 10 Ecco il nuovo Domvs!
      4 words
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      174 10 PREMIUM SHARK'S FIN SIT "SPECIAL PROMOTION" JUNE PROMOTION Superior sharks fin Spicy mayo Prawn/ Beijing duckl drunken i Superior Shark's fin in Japanese Stone Pot J Baby geod'uck clam w/ garlic Japanese vermicelli H XO Ramen with whole Abalone V Chilled aloe vera (usuals99++) in calamansi J JH Sesame paste
      174 words
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      26 10 Joining forces? Announce the good news. Call 1800 289 8822 or email notices@sph.com.sg to book your corporate notice in our newspapers now. S >:at3 NOTICES I
      26 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Safra club shelves development as costs rise
      502 11  -  By ARTHUR SIM SAFRA Toa Payoh club, which was scheduled to be closed by mid-2007 to allow for larger premises to be built, has put the project on hold indefinitely. Citing "erratic hikes in construction prices" on its website, Safra, a non-profit organisation,
      502 words
    • Article, Illustration
      Lock icon FTA partners gain as S'pore GDP grows: report
      393 11  -  Tariff cuts don't count for much but strong economy means imports rise By ANNA TEO SINGAPORE'S free trade partners may not gain much from tariff cuts with no trade barriers here to begin with but they benefit from Singapore's enhanced growth as
      FILE PHOTO  -  393 words
    • Article
      Lock icon Temasek buys 10% stake in Tata Sky
      283 11 [MUMBAI] Singapore investment firm Temasek has bought a 10 per cent stake in The Tata Group's direct-to-home (DTH) venture, Tata Sky, for $56 million, Press Trust of India reported. It quoted a source close to the development as saying that the deal was
      283 words
    • Article
      Lock icon EVENTS LISTING
      165 11 DATE/ TIME EVENT VENUE 4-24 Jun 07 Designing Leisure National Library, Level 10.00am Inspirations from The 7 Promenade Marina Bay Sands 11-12 Jun Telecom Fundamentals For Marina Mandarin 07 Non-Technical Managers Hotel 8.00am 12 Jun 07 'Location Intelligence: The Marina Mandarin 9.00am New Geography of Business' 13 Jun
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      22 11 lw- J -'...V.;"". Jit? iffe v ,W *vy&i i < 'i-*' *.v V-V Hi J* l f** .isHE? J- 35 J\~ >jt-r- t
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      122 11 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
      122 words
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      847 11 The Ist1 st Annual CEO Brand Dialogue Grand Hyatt Singapore 24th July Asia's first brand dialogue specifically targeting Distinguished panel of ceos PFOs k takino nlaee in Sinaanore on Julv 24" Wiß mommg session will provide a critically informative seminar, ÜbUS IS taiang place in Singapore on JUly £A will
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  • ARTS FEST
    • Article, Illustration
      Lock icon An engaging, entertaining journey to a sacred place
      655 12  -  Guillem and Khan pulled off complicated work with consummate ease, writes STEPHANIE BURRIDGE STEPHANIE BURRIDGE ONLY a dancer with the technical brilliance of Sylvie Guillem and a choreographer/dancer with the charismatic genius of Akram Khan could conceive of a show like Sacred
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    • Article, Illustration
      Lock icon Fun, nostalgic approach to technology
      423 12  -  By AMANDA DE GUZMAN OH, to be in the front row of the Mechatronica show. Sure, you could get hit on the head with one of the fictitious company Maywa Denki's "products"; but you might also get to jam with the Japanese art unit responsible
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    • Article
      Lock icon Homegrown musical with great potential
      479 12  -  By CHARMIAN KOK EXPLORING the life and influences of one of Singapore's most established artists is never an easy task to begin with. However, for a relatively small-scale, nofrills musical like Georgette the Musical, writer Ng Yi Sheng managed to spin a story that is
      479 words
  • Page 12 Advertisements
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      655 12 Your Daily Guide to the Arts Festival: Whaf s on today Bones in Pages: Saburo Teshigawara brings his otherworldly movements to the stage in his original installation Dance of Air. Bpm, Victoria Theatre. Tickets: $20 to $60, 55 minutes with no intermission. Cantonese Opera Delights: Enjoy the eclectic repertoire of
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon Seeing the master in action
      878 13 CAMPUS LIFE Some thrilled NUS students tell JASON LOW about their time at the Berkshire Hathaway AGM last month EVER wondered what your chances were of meeting American billionaire Warren Buffett during your undergraduate days or, for that matter, in your entire lifetime? Well, 13
      878 words
    • Article, Illustration
      Lock icon An American sage's Tao of investment
      1051 13  -  This week, we begin a new series on the world's greatest investors and their trading strategies. JASON LOW turns the spotlight on the best known of them all-Berkshire Hathaway's Warren Buffett JASON LOW FOR Warren Buffett, the third richest person in the world according
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    • Article
      Lock icon Be smart with your finances
      205 13 FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      205 words
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      47 13 oft bank The Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon US consumer spending to slow: Blue Chip survey
      652 14 But business investment will rise and help fuel GDP growth, it says Reuters [WASHINGTON] US consumers will curb spending this year after being hit by continued troubles in the housing sector, but business investment is set to pick up, adding to economic
      Reuters; REUTERS  -  652 words
    • Article
      Lock icon Greenspan opposed subprime scrutiny, says report
      218 14 Reuters [CHICAGO] Alan Greenspan, then chairman of the Federal Reserve, brushed off an idea to boost scrutiny of subprime mortgage lenders, a former Fed governor told the Wall Street Journal. In an interview published on Saturday, Edward Gramlich, who was a Fed governor from
      Reuters  -  218 words
    • Article
      Lock icon China rejects some US food products
      520 14 Officials ask if move is in retaliation for recent US actions -AP [BEIJING! Turning the tables on the United States amid growing worries over dangerous Chinese products, Beijing said some health supplements and raisins imported from the US failed to meet China's safety standards
      -AP  -  520 words
    • Article
      Lock icon Putin attacks WTO as archaic and inflexible
      265 14 -AFP. Reuters [SAINT PETERSBURG] Russian President Vladimir Putin slammed the World Trade Organization as "archaic, undemocratic and inflexible" during an economic forum yesterday meant to underline Russia's growing clout. His, attack on the WTO came as a Russian minister held talks with European
      -AFP.; Reuters  -  265 words
    • Article, Illustration
      Lock icon Former Wall St banker a hero in Israel
      710 14 Central bank chief Stanley Fischer, an outsider, has won over his critics AP [JERUSALEM] Israel's central bank chief, Stanley Fischer, was standing in a Cyprus airport when an Israeli recognised him. The traveller wanted to pick Mr Fischer's brain on a pressing
      AP  -  710 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon M'sian economy can take external shock
      594 15  -  MALAYSIA INSIGHT But judicial decisions and inflated numbers giving a sense of unrest S JAYASANKARAN KL Correspondent ONE gets the impression there is a sense of unease in Kuala Lumpur, an almost palpable feeling that the shoe might be about to drop. Maybe it's
      594 words
    • Article
      Lock icon Petronas rules out IPO, may list units
      185 15 Reuters [KUALA LUMPUR] Malaysian state energy Arm Petronas will consider listing some of its subsidiaries, but not the firm itself, the firm's top executive said on Friday. "No IPOs," Hassan Marican, 54, chief executive of Petroliam Nasional Bhd, Malaysia's biggest and most profitable
      – Reuters  -  185 words
    • Article
      Lock icon A tougher line on corporate fraud likely
      683 15  -  Recent cases may strengthen the hands of regulators By S JAYASANKARAN in KUALA LUMPUR THE discovery of serious corporate governance and accounting misdeeds in three high-profile Malaysian companies Transmile, Bumiputra-Com-merce Holdings and Megan Media Holdings in quick succession amid enormous publicity could give
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  • GREATER CHINA
    • Article
      Lock icon Digital format may not save HK's terrestrial TV channels
      590 16  -  Competitive pay-TV operators taking bigger share of advertising market By JANE MOIR in Hong Kong HONG KONG television is finally going digital after numerous delays, but it may be coming too late for the city's terrestrial channels as they face fierce
      590 words
    • Article, Illustration
      Lock icon China's move to cool market draws ire
      527 16 AFP [SHANGHAI] The Chinese government's move to cool its overheated stock market by raising the tax on securities trade, or stamp duty, has drawn the ire of many investors, who had little time to respond to it. While regulators had repeatedly warned since
      AFP; AP  -  527 words
    • Article
      Lock icon STOCKS ASIA
      2765 16 Transaction date: Jun 8 For a full listing of the closing prices, log on to BT Online at http://business-times.asial.com.sg after 11.30pm every trading day HONG KONG vi HltS W- W Aeon Credit .6.56 unch 0 Aeon Stores 10.84 -0.16 30 AngangSteel 16.20 -0.64 ***** Anhui Conch .42.50 -1.45
      2,765 words
    • Article
      Lock icon HK back on the property map again
      751 16 Real estate prices on the way up after post-Sars collapse AFP [HONG KONG] TEN years after its return to Chinese rule, Hong Kong ranks again among the world's most expensive cities to live in after a traumatic, rollercoaster ride that has left many
      AFP  -  751 words
    • Article
      Lock icon China replaces Germany as 2nd largest auto parts exporter to US
      227 16 —AFP [BEIJING] China replaced Germany in the first quarter as the second largest auto parts exporter to the United States, Chinese state media said on Friday. In the first three months of the year, China exported U551,936 billion worth
      —AFP  -  227 words
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  • INDIA
    • Article
      Lock icon Private train services may soon come to Mumbai
      531 17  -  Move follows the privatisation of freight and container services By SIDDHARTH SRIVASTAVA in New Delhi INDIA'S first private passenger train is scheduled to rim in the commercial hub of Mumbai, a country long known for its abysmal train services. The pilot service
      531 words
    • Article
      Lock icon Services making inflation gauge less reliable
      392 17 Reuters [MUMBAI] The rising importance of services in India's consumption basket is making its most widely watched inflation measure, the wholesale price index, less representative of price pressures, the central bank governor said. In a speech posted on the central bank's website on Friday,
      – Reuters  -  392 words
    • Article, Illustration
      Lock icon FISH MEDICINE FOR ASTHMA
      125 17 Reuters AFP [HYDERABAD] A family member of Bathini Goud Brothers prepares a live fish as a medicine during a camp in this southern Indian city on Saturday. The fish medicine, offered by the Goud family for the last 156 years as a cure to asthma and
      Reuters; AFP; REUTERS  -  125 words
    • Article
      Lock icon Income-tax dept looks into cross-border corporate deals
      546 17 [MUMBAI] India's in-come-tax authorities are looking into the tax implications of recent cross-border deals struck by Indian companies, says a report in Business Standard. Prominent among the deals is the Tata group's acquisition of a 30 per cent stake in the US-based Glaceau
      546 words
    • Article
      Lock icon Ban on overseas sale of convertible bonds
      142 17 Bloomberg [MUMBAI] India's central bank barred companies from raising funds overseas from selling optionally and partially convertible bonds, to curb debt sales that breach foreign direct investment rules. Companies now will only be allowed to sell bonds that always convert into equity, the
      Bloomberg  -  142 words
  • Page 17 Advertisements
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      249 17 \mwrfimtuwteww site Area 123,955 sq. ft It BatDk Nature Park Y Plot Ratio 1.4 up to 5 storeys mi o«Mitywork) Tenure Freehold »Tin* Shoppy Or Jalan Jurong Kechil Close to Prestigious Schools 1 litwcc inssrv and Tertiary Institutions -Q n IPIWVv ygL|4| ■VtPWIw 4 I onxfanMsdi Vo\ Serene Surroundings S
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      1 17 Singapore
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  • MIDDLE EAST
    • Article
      Lock icon No plans to drop dollar peg: Saudi Arabia
      277 18 —Bloomberg [RIYADH] Saudi Arabia, the largest Arab economy, has no plans to drop its currency's peg to the dollar, central bank governor Hamad Saud al-Sayari said. "There is no intention right now to depeg or change the exchange rate, because I would
      —Bloomberg  -  277 words
    • Article
      Lock icon DME Oman and ICE Dubai struggle for Asian interest
      534 18 Trading volumes declining; liquidity deemed essential during Asian time Reuters [SINGAPORE! One weekold Dubai Mercantile Exchange (DME) has pipped Intercontinental Exchange (ICE) Dubai in daily trades but the crude contracts share one flaw: declining volumes due to their failure to lure
      Reuters  -  534 words
    • Article
      Lock icon US freezes assets of four Iranian firms with alleged WMD links
      194 18 AFP [WASHINGTON] The United States froze the assets of four Iranian companies on Friday, alleging they are involved in Iran's proliferation of weapons of mass destruction (WMDs). The Treasury Department named the companies as Pars Tarash (aka Pars Trash
      AFP  -  194 words
  • Page 18 Advertisements
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      3022 18 mi MEGHMANI ORGANICS LIMITED NOTICE IS hereby given that the Thirteenth Annual General Meeting of the Company will be held on Friday, 22 June, 2007 at 10.30 a.m. at the Registered Office of the Company, at 184, Phase 11, GIDC Estate, Vatva, Ahmedabad 382 445 to transact the (oHowing businesses:OR
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      991 18 >AT^ NOTICES In the Motor of TSe Companies Act, Cop 50 And In the Matter of SENDO SINGAPORE PTE LTD (In Creditors' Voluntary Liquidation) (Co. Reg. No. 200)***** Q NOTICE Of FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Sedion 308 of the Companies Ad, Cap 50., the Final
      991 words
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      316 18 ES WBL CORPORATION LIMITED (Incorporated in Singapore) (Company Registration No. *****0028Z) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of WBL Corporation Limited (the "Company") will be held at Straits Ballroom 2, Level 2, Rendezvous Hotel, 9 Bras Basah Road, Singapore *****9 on Tuesday,
      316 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Self-doubt sends players off course
      1218 19 US OPEN The impact of failure on golfers' self-image has derailed many a promising career LATWP [WASHINGTON] This week, Oakmont Country Club will become golfs biggest psychiatrist's couch, 7,355 yards long. The patient under examination will be Phil Mickelson, who squandered last year's US Open
      LATWP; AP  -  1,218 words
    • Article
      Lock icon Rising rates may dampen merger boom
      694 19 Surging govt bond yields could impact cost of financing —Reuters [LONDON] The leveraged buyouts (LBO) that have fuelled record merger activity face a new test as interest rates rise and stock markets wobble, early signs that the debt behind the deals could become more
      —Reuters  -  694 words
    • Article, Illustration
      Lock icon Japan officials' golden parachutes to go
      577 19 —AFP [TOKYO] Some of Japan's highest-flying bureaucrats may soon lose their golden parachutes. The government, hit by a series of scandals, is seeking to tighten controls on the system of amakudari, or descent from heaven, whereby retiring civil servants land cushy jobs in the
      —AFP  -  577 words
    • Article
      Lock icon Deadly storms wreak havoc on Australian east coast
      445 19 AFP [SYDNEY] Rescue workers urged thousands of people to evacuate their homes yesterday after deadly storms lashed Australia's east coast, leaving parts of one city looking like an earthquake had struck, officials said. After days of torrential rains, flood waters surged into
      AFP  -  445 words
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      78 19 THE BUSINESS TIMES-CALLAWAY US OPEN GOLF Pnedkt the winner of the US Optn tournament and you could pkfc upe Ist Prize: Sssoo Callaway golf apparel voucher t Callaway FT-/Driver y 2nd Prize: Sssoo Callaway golf apparel voucher 3rd Prize: Sssoo Callaway golf apparel voucher lo take part, log on to
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      17 19 I Lianhe Zaobao H I another I bull run IbrteclM I stockspl I S-«*IBEMP I n74¥i»i<T>TiiK7M I
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  • World
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      Lock icon Fears in US it may be the 'end of the honeymoon1 for ethanol
      653 20 Fears in US it may be the 'end of the honeymoon 1 for ethanol Growing ethanol market may not be able to absorb abundant supply AFP [NEW YORK] Governmentencouraged efforts to ramp up US ethanol production, part of a bid to diversify American energy supplies, are succeeding, but some analysts
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      Lock icon Investors defy real estate IPO woes, seek more deals
      441 20 —Reuters [LONDON] A slew of troubled property flotations last week has spread fears the sector may be in freefall across Europe, but a range of deals are still on tap as the IPO market remains open for business. UK hotel owner
      —Reuters  -  441 words
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      Lock icon He's protecting the environment – by buying large swaths of it
      489 20 He's protecting the environment by buying large swaths of it AP [LOS ESTEROS DEL IBERA, Argentina] The American multimillionaire who founded the North Face and Esprit clothing lines says he is trying to save the planet by buying bits of it. First, Douglas Tompkins purchased a huge swath of southern
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    • Article
      Lock icon CNBC probes possible fraud in stock game
      331 20 —AP [NEW YORK] Business news channel CNBC is investigating several ways people may have cheated in a US$l million stock-picking contest that ended last month. CNBC had said last week that it was looking into allegations from several contestants that improper trading had
      —AP  -  331 words
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      Lock icon Qualcomm ban poses more risk than thought
      272 20 —Reuters [NEW YORK] When the US International Trade Commission ruled against Qualcomm and banned imports of new advanced cell phones using some of its chips, its shares rose to the surprise of many analysts. Investors were relieved the ban on Qualcomm chips that
      —Reuters  -  272 words
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      Lock icon Former top govt officials swell hedge funds' ranks
      590 20 AFP [WASHINGTON] What do three former US Treasury secretaries, one-time secretary of state Madeleine Albright, a former US ambassador to the United Nations and ex-Spanish prime minister Jose Maria Aznar have in common? They have all been recruited by powerful hedge funds
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  • AVIATION/SHIPPING
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      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2349 21 CITY FLIGHT IT* FLIGHT jjj AbM Dhabi SQ455 1230 Adelaide LH9771 1750 LH9770 2345 SQ268 1750 SQ269 2345 Amsterdam L***** 0630 AZ3993 2245 SQ323 0630 KLB38 2245 AZ3992 1555 L***** 2345 KL837 1555 SO324 2345 Alhl— SQ348 0100 Atlanta AC5202 2335 AC5203 0645 UA895 2335 UA896
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      Lock icon S'pore's first private cargo airline to start flying soon
      703 21  -  Jett8 founded by SIA veteran; Japan shipping line NYK has minority stake By VEN SREENIVASAN SINGAPORE'S first private-ly-owned cargo airline, JettB Airlines Cargo, has just received its air operator's licence and expects to take to the skies by the end of
      703 words
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      Lock icon Japanese govtto propose tax cuts for shipowners
      319 21 Bloomberg [TOKYO] Japan's transport ministry will submit a plan to cut taxes of shipowners in a bid to increase the number of domestically registered ships. The proposal will be part of a tax revision package the Ministry of Land, Infrastructure and Transport plans
      Bloomberg  -  319 words
    • Article
      Lock icon Aeroflot to buy US$3.5b worth of Boeing planes
      433 21 NYT [ST PETERSBURG, Russia] The Boeing Co announced Saturday a US$3.5 billion sale of airplanes to Aeroflot, the Russian national airline, in a deal that defied the souring political relations between the United States and Russia. Boeing characterised the deal, which ended
      NYT  -  433 words
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      Lock icon Capital Airports chief held in graft probe: report
      288 21 —Reuters [BEIJING] Corruption investigators have detained the board chairman of China's largest airport operator in connection with using company funds to buy shares in a media investment company, Chinese financial magazine Caijing reported. Li Peiying, board chairman of state-owned Capital Airports Holding
      —Reuters  -  288 words
    • Article
      Lock icon Toll won't sell Virgin stake any time soon
      260 21 —Reuters [SYDNEY] Toll Holdings Ltd, Australia's top transport group, does not intend to sell its controlling stake in airline Virgin Blue Holdings Ltd in the near future. Toll CEO Paul 1 Little said yesterday. Toll, which last week spun off its infrastructure
      —Reuters  -  260 words
  • Page 21 Miscellaneous
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      215 21 CRYPTIC CROSSWORD becomes 27 Cheer up when a holiday resort is mentioned (8) 7 Girl's churning over it's the YESTERDAY'S SOLUTION 28 Give time for number to get laxative (5) Across: 7 Brunette, 9 Fracas, 10 back in (6) 8 I get homes sorted out for four Terror 11 Slapdash>
      215 words
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  • Article
    Lock icon SINGAPORE STOCKS
    11335 22 SGX MAINBOARD Week ended: Jun 8 52-Wk Td Last Vol Week LotQuott Drv GrYld Net MCap High Low Code Company Sale ('000) High Low Buyer Setar Cvr HI Srnt 3.5 2 5716 1st Software 2 susp M 18 6 3148 8Telecom 16.5 -0.5 4705 17 16 16.5 17
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  • Article
    Lock icon FINANCE & COMMODITIES
    7810 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local out In SS Ml USS dy Syr %dy %yr dy Syr Jun8 Index Change Change Change Change Change Change World Index Preliminary 1164.8 -0.1 5.8 -0.1 6.9 -0.4 6.4 EAFE Preliminary 1174.2 -0.5 6.0 -0.8 7.0 -1.0 6.5 Europe Preliminary 1585.1
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  • The Business times Shipping Times
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      Lock icon The Business Times Shipping Guide Export
      6581 26 if i I'mi 11 ETA ETA Adwrtter VmmI Voyage Telephone SIN D#sfn Name Nmim Number Numbcf '-m To ABIDJAN (ABJ) 2003 Cote D'lvoire 23/06 28/07 Delmas CMA C6M C0L0MBIE 725W *****344 23/06 30/07 Delmas CMA CGM C0L0MBIE 725W *****344 To ADELAIDE (ADL) 2007 Australia
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      320 26 r«4 GLORY MAVKATMN GROUPI I ma i*7t) I I OWNS A OPERATES THE YOUNGEST FLEET I WTTH TWELVE 7,000 DWT TWEEN DECKERS COVHHNO I THE ENTIRE ASIA PACIFIC PORTS I a RKHILAA WCIKLY SCItVICES: a IKAOHSIUNO CHINESE PORTS, HONO KONO TO* FROM SOUTHEAST ASIA J SMGAFOtf HUP WOON SMFPMG (S)
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  • BizIT
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      Lock icon S'pore firms quick to pick up new tech: Accenture
      819 28  -  Study shows it is strong in building IT-enabled business capability, but faces challenges in integrating systems, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY S- INGAPOREAN companies tend to explore emerging technologies faster than their peers in the region, according to a
      819 words
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      Lock icon GPS finds its way into cheaper Nokia handsets
      311 28  -  By WINSTON CHAI CONSUMERS who want the perks of satellite tracking on their handsets without having to pay top dollar will have an additional choice with the launch of the Nokia 6110 Navigator. The new 3G phone comes with integrated GPS (global
      311 words
    • Article
      Lock icon Which wireless broadband tech?
      783 29  -  Telcos are divided over key technologies, reports ROLAND LIM ROLAND LIM WHILE technologies which promise übiqu i to us high-speed wireless broadband access continue to mature, local telcos have expressed mixed reactions to the two key wireless broadband technologies available High Speed Packet Access (HSPA) and
      783 words
    • Article, Illustration
      Lock icon <what's up>
      703 29  - &lt;what's up&gt; Compiled by WINSTON CHAI Philips enhances search in new media players PHILIPS has introduced the 5A6025 and 5A6045, two new additions to its family of digital media players. Both products, which come in memory capacities of 2GB and 4GB respectively, are equipped with the firm's "Superscroll" technology for
      703 words
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      Lock icon IT security is the new buzz word
      1677 30  -  Governments and businesses need a holistic and integrated approach to IT security in the face of sophisticated attacks, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY IT SECURITY has become the new buzz word, particularly in light of the alarming rise in Internet hacking
      1,677 words
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      Lock icon CAFE culture keeps govt networks safe
      618 30  -  By WINSTON CHAI IT security tools may strengthen an organisation's cyber defences against the relentless onslaught of computer viruses and other malware from the outside, but a moment of human weakness could wreak havoc from within. Security experts have long stressed that the end
      FILE PHOTO  -  618 words
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      41 28 IT security is the new buzz word PAGE 30 t S trI'M A SALES REP. I CAN SWITCH FROM A LAND LINE TO MY MOBILE WITHOUT H CUSTOMERS NOTICING. SEE HOW INTELLIGENT COMMUNICATIONS IS CHANGING KATE'S WORLD AT AVAYA-APAC.COM. INTELLIGENT COMMUNICATIONS
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