The Business Times, 22 June 2007

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Total Pages: 30
1 30 The Business Times
  • 21 1 THE BUSINESS TIMES •0* A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/*****06 Friday, June 22,2007 online at http://business-times.asial.com.sg SINGAPORE 85 cents
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  • 601 1  -  Total chalked up so far is $21.4b, says CBRE By KALPANA RASHIWALA [SINGAPORE] CB Richard Ellis is predicting that the level of investment sales of property may hit $35 billion for the whole of this year, after chalking up a figure of $21.4
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  • 792 1  -  Companies associated with tycoon may hold jewel stakes in Tokyo exchange, sources say By LYNETTE KHOO [SINGAPORE] Some investors in Singapore look to be sitting pretty in the plans of the world's second biggest stock exchange to go for a public
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  • Page 1 Advertisements
    • 141 1 f YELLOW PAGES SAGA Stanley Tan may rethink bid as NY stakeholder weighs in OFF THE CUFF Why we are violent PAGE 25 ■k*z Wit Real pros play ball HH A new breed of professionals in Singapore has found MMIVB a new way to network and to have fun page
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    • 52 1 I y INVESTMENT *<dflL ROUNDTABLE XgSy Is this the beginning of the end? page 10 j HOCK LOCK SIEW Things are in place for Advance SCT PAGE 4 'J//f>////'/<7 The ultimate V jt IT* k» f I I LUC ManiiiC.. n n hi Hah II mI < ".I vit I
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  • TOP STORIES
    • 807 2  -  Advertising spending in Asia-Pac seen rising to US$108b in 2011 By AMIT ROY CHOUDHURY REVENUE from casino gaming in Singapore could be worth as much as US$2.2 billion by 2011, just one year after both new integrated resorts have opened their doors, says
      807 words
    • 547 2  -  Separately, he also agrees to pay back $4m owed to NKF By CHOW PENN NEE [SINGAPORE] Three months behind bars is the punishment for TT Durai, the former National Kidney Foundation (NKF) chief convicted of misleading the charity with a false $20,000 invoice. The
      WONG KWAI CHOW/THE STRAITS TIMES  -  547 words
    • 456 2  -  By OUR CORRESPONDENT in Bangkok THAILAND yesterday formally charged the country's ousted prime minister Thaksin Shinawatra and his wife with corruption. The move comes the day after authorities froze more assets of the billionaire politician and after Dr Thaksin demonstrated apparent lack of concern
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    • 433 2 Construction spending seen hitting $55b by 2011 SINGAPORE'S construction spending is forecast to hit $55 billion by 2011, buoyed by contracts to be awarded for the integrated resorts, and petrochemical plants at Jurong Island, Goldman Sachs said in a report yesterday. TOP STORIES. PAGE 3 Sesdaq 'may find
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    • 662 3  -  Contracts from upcoming IRs, petrochem plants will boost industry: Goldman Sachs By JAMIE LEE [SINGAPORE] Singapore's construction spending is forecast to hit $55 billion by 2011, buoyed by contracts to be awarded for the integrated resorts (IRs), and petrochemical plants at Jurong Island,
      662 words
    • 487 3  -  Attracting institutional investors may be difficult, seminar told By OH BOON PING [SINGAPORE] Singapore's Sesdaq may find it an uphill task to compete with its London rival even if proposed changes of the board go ahead, a conference was told yesterday.
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    • 130 3 sn 3,***** (+10.82) ST INDEX FUTURES 3,640.00 (+11.00) siMsa ***** (+0.54) SIMSa FUTURES 449.40 (+0.70) MARKETS Thursday Chang* jttCOMP 1,387.96 +1,69 NIKKEI 225 18.240.30 +28.62 HANG SENG 21.954.67 +270.00 SET INDEX 776JO -0.90 JAKARTA COMP 2.152.34 -8 73 MANILA COMP 3,714.59 -4.29 SEOUL COMP 1.***** +10.45 SHENZHEN B
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    • 191 3 Reuters [SINGAPORE] The Singapore Exchange (SGX) is aiming for half of its listed companies to be foreign by 2013 to help promote Singapore's standing as a regional financial centre, an executive told the Financial Times. The exchange, which sold a
      Reuters  -  191 words
  • Page 2 Advertisements
    • 97 2 REALSTAR PROPERTY William Wong BUNGALOW LAND FOR SALE ♦District 9/10/11* 1 seC.i For more information, call 6100 8000 Eleen Sellers Are Welcome Golf House custom fitting WITH ALL THE BEST NAMES IN GOLF SUNTEC CITY MARINA SQUARE The Most Complete Custom Fitting Repair Centres Equipped with the Latest State-Of-The-Art Equipment
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    • 11 2 people Corporate matchmakers. v. v..-. thopeorieatvvc.fi' -on Asia Pacific Executive Search
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  • Page 3 Advertisements
    • 189 3 iitti___l ■<-. Immm I I I I II 1 ImJ 1m» 111 Ibbhl I I ftva ,-gjß 1I 1 1... V.. m II \g V 1 J CTj 111 V liitfairiiKl Y'*» V •>. *-<; WlfB®!? *t'* *r 7 \'> '*K'■ v a§ d S I K. I tjti W*B
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  • COMPANY NEWS
    • 1019 4  -  HOCK LOCK SIEW By TEH HOOI LING nace commenced production of 3mm and Bmm copper coil in March this year. The second furnace will be fired up in August. Thus far, the progress of the smelter has been faster than anticipated. The two furnaces
      1,019 words
    • 841 5  -  YELLOW PAGES BOARDROOM TUSSLE This comes after NY shareholder says it won't support proposal By DONALD URQUHART STANLEY Tan, the man at the centre of the Yellow Pages boardroom fracas, may rethink his bid to oust the company's independent board directors, as a
      841 words
    • 670 5  -  By SIOW LI SEN YELLOW Pages needs three more directors with industry experience to grow the business and move away from its defensive strategy, said Stanley Tan who is trying to oust the company's independent directors. But the independent directors only agreed
      AZIZ HUSSIN/THE STRAITS TIMES  -  670 words
    • 392 4  -  Moves to better manage error trades and to deter short-selling By R SIVANITHY SINGAPORE Exchange (SGX) yesterday released two consultation papers to enhance the local structured warrants market the first aimed at deterring short-selling via financial penalties and the second aimed at better
      392 words
    • 477 4 Bloomberg [MELBOURNE] Olam International has agreed to buy Australia's Queensland Cotton Holdings for A 5166.45 million (A 5216.6 million) in cash after increasing its offer to secure the support of rival bidder Louis Dreyfus Cie. Olam, which raised its offer twice, will pay A
      Bloomberg  -  477 words
  • Page 4 Advertisements
    • 640 4 :*at^ NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg JUNMATYRE CORD COMPANY LIMITED /flwnn (Company Registration No: :ik)&;fr&S l J'?Sooo43s^) (Incorporated in the People's Republic of China) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting (the "EGM") of the Company will be held at Samuels, Level
      640 words
    • 156 4 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF (1) BINTAN NUSAMULU INTERNATIONAL PTE LTD (Co. Reg. No. *****5842R) (2) DESIGN PREFABRICATION SERVICES PTE LTD (Co. Reg. No. *****1018E) (IN CREDITORS VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308
      156 words
    • 468 4 IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO AND IN THE MATTER OF PNE INVESTMENT PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) (Company Registration No. *****2296 D) NOTICE OF FINAL MEETING Notice is hereby given that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of
      468 words
    • 337 4 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 NOBLE RAWMATERIALS PTE. LTD. (Co. Reg. No. *****5378 M) MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held on 19 June 2007, the following resolutions were duly passed: 1. SPECIAL RESOLUTION WINDING-UP That the Company
      337 words
    • 69 4 1~ uit WsEnll J i XHK rP_jsr :A!r x I BUY/SELL ROLEX/PATEK PHILIPPE +.'2 BREGUET PIAGET AP 1§~"T VACHERON IWC JAEGER #01-45 A Peninsula Plaza 6334 0155 #02-90K People's Park Complex 6327 4628 (ss#) •#Ol-45 The Bencoolen 6333 1921 •#Ol-51 Orchard Plaza 6836 3272 •#Ol-46 Peninsula Plaza 6334 8919 #01-44
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  • Page 5 Advertisements
    • 42 5 AND YOU THOUGHT YOU COULD NEVER LOVE A jjjjß I I 5* SO ■a ■MMM|H 'fa vkv.-feai f^j>^^Si||fcswflßllßHHßßßHßMßß^^^^^^^^^^^^Bßfcv DRIVE TODAY, AND FEEL WHAT IT S LIKE TO FALL ,N LOVE AGAIN. Volvo, for l,fe E3 Alexandra M «w» I 5993S T.h ..73
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  • SINGAPORE MARKETS
    • 522 6  -  STOCKS Index rises 10.8 points on late push; strong rotational play among penny stocks R SIVANITHY Senior Correspondent THE rotational playing of penny stocks that has been a feature of trading for the past few months continued in full swing yesterday, though this
      522 words
    • Article, Illustration
      919 6 SECURITIES TRADING SCOREBOARD MAIN SDQ TOTAL Up Down Undi UP Down Uadi Up Down Uwdi Multi Ind 476 000 476 Manufacturing 72 90 62 28 16 11 100 106 73 Commerce 26 32 21 10 7 5 36 39 26 Tpt/Stor/Comms 17 16 9 2 0 1 19 16 10
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    • Article, Illustration
      923 6  -  Compiled by MATTHEW PHAN China Energy Sector UOB KAY HIAN RESEARCH. June 20 UNDER the Hth Five Year Plan (2006-10), China aims to become a resource-conserving and environmentally friendly society, and plans to reduce energy consumption per unit of GDP by 20 per cent by 2010. Based on the
      923 words
    • 501 6 CURRENCIES Reuters [LONDON] The yen hit a 4-1/2 year low versus the dollar yesterday while the New Zealand dollar surged to 22year peaks as risk-hungry investors sold the low-yielding Japanese currency in favour of high-return assets. The dollar was a touch firmer against
      Reuters; REUTERS  -  501 words
    • 460 7  -  Koh Bros, Heeton, KSH, Lian Beng acquire freehold Lincoln Lodge By UMA SHANKARI PROPERTY developers Koh Brothers, Heeton Holdings, KSH Holdings and Lian Beng Group have joined hands to buy the freehold Lincoln Lodge for $243 million, the companies said in a
      460 words
    • 193 7 CHINESE real estate developer Yanlord Land has acquired a site in Suzhou for about 2.16 billion yuan (*****.9 million), it said yesterday. The "prime site" is located in Shuanghu Plate Area, Suzhou, Jiangsu Province, and is located between the Dushu and Jinji lakes.
      193 words
    • 306 7  -  By CONRAD RAJ SHIPBUILDER Pan-United Marine (PUM) yesterday announced that it has won U*****.7 million worth of contracts to build four an-chor-handling, towing and supply (AHTS) vessels. The contracts for the 18,000 bhp 200-tonne bollard pull AHTS vessels from repeat customer Swire Pacific Offshore Operations almost
      306 words
    • 448 7  -  It will acquire China Plant Nutrition Hldgs in two stages By CHOW PENN NEE FIRST it bought into salt, then biodiesel. Now it is buying into fertiliser. First Link Investments Corporation, an investment holding company which has operations in salt mining
      448 words
    • 218 7 Rotary bags contracts totalling $150m ROTARY Engineering has secured three contracts worth a total $150 million. Two of the contracts, worth $76 million, were awarded by Shell Eastern Petroleum for the new Shell Eastern Petrochemicals Complex. The third contract, worth $74 million, is for work on a storage
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  • Page 7 Advertisements
    • 150 7 The 'Larae Saloon of the Year" iust got even better ine Large aaioon or me rear |ust goi even both* ..,JiL M rtt J:U 0 A ffar with an incredible otter. p? -Jar I II I^l -Jr m Br -S -XV Ml T lIP IJI 1 jm» ~A iflr <
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  • SINGAPORE NEWS
    • 299 8  -  Firms to be sold by Temasek extend deal with union for three years By JAMIE LEE EMPLOYEES at the power generating companies up for sale by Temasek Holdings will still come under a workers' benefit scheme for the next three years, the National
      299 words
    • 581 9  -  Adoption of DVB-T standard across Asean region to drive prices down By ROLAND LIM HAVING agreed on a digital broadcast standard with its other Asean counterparts in May, Singapore looks set to see cheaper digital set top boxes in the stores soon.
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    • 346 9  -  Move recognises them as healthcare professionals By CHEN HUIFEN OPTOMETRISTS and opticians will soon have to be registered if they wish to practise in Singapore. The Ministry of Health is aiming to register these eyecare professionals from the second half of this year, after the
      346 words
    • 307 9  -  By HAN MIN CHUNG WILL there be Korean-Sin-gapore soap operas on TV pretty soon? That could be a possibility when they begin co-producing TV programmes, possibly including drama series. Korea Broadcasting Commission (KBC) and the Media Development Authority of Singapore (MDA) signed an agreement
      MEDIA DEVELOPMENT AUTHORITY  -  307 words
    • 701 8  -  It signs conditional put-and-call option to buy the site for $592 m, say sources By KALPANA RASHIWALA OVERSEAS Union Enterprise (OUE), controlled by Indonesia's Lippo Group and Malaysian tycoon Ananda Krishnan, is believed to have inked a conditional put-and-call option to buy The Grangeford
      701 words
  • Page 8 Advertisements
    • 530 8 NOTICES Toll free: 1800-289-8822 Email: notices*?'sph.com.sg 434 MEGA INTERNATIONAL COMMERCIAL BANK CO., LTD. HEAD OFFICE: No. 123, Sec. 2, Jhong-siao E. Road, Taipei *****, Taiwan Tel: (02)2563 3156 Fax: (02)2356 8936 Singapore Branch: 80 Raffles Place #23-20 UOB Plaza II Singapore *****4 Tel: (65)6227 7667 Fax: (65)6227 1858 Mega ICBC
      530 words
    • 881 8 STATEMENTS OF INCOME For the Year Ended December 31,2005 (Restated) and 2006 (Expressed In Thousands of Dollars, Except Per Share Amounts) 2006 2005 New Taiwan Dollars INTEREST REVENUE 67,019,199 53,067,092 INTEREST EXPENSES (37,292,430) (31,139,561) NET INTEREST INCOME 19,726,769 21,927,531 NON-INTEREST INCOME FEE INCOME-NET 6,260,469 5,121.619 GAINS ON FINANCIAL ASSETS AND
      881 words
    • 837 8 HONG FOK LAND LTD Company Registration No: *****0455 C (Incorporated In tha RapuMc of Singapore) NOTICE TO HOLDERS OP THE $$70,000,000 SECURED FIXED RATE NOTES DUE 2011 (THE "FIXED RATE NOTES") AND $$40,000,000 SECURED FLQAnNG RATE NOTES DUE 2011 (THE "FLOATING RATE NOTES"AND TOGETHER WITH THE FIXED RATE NOTES, THE
      837 words
    • 616 8 mi MEGHMANI ORQANtCS LIMITED CLARinCATION TO NOTICE OF BOOK CLOSURE Further to the Notice of Thirteenth Annual General Meeting and Notice of Book Closure published on 11 June 2007, Meghmani Organics Limited (the "Company") wishes to clarify as follow: 1. The Final Dividend will be paid on 4 July 2007.
      616 words
    • 312 8 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF AMERI FOODS (S) PTE LTD (Registration No *****0623 D) (In Creditors' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap.so, the Final Meeting of the
      312 words

  • Page 9 Advertisements
    • 532 9 Weber Shandwick is one of the world's leading public relations and communications management firms with a network of more than 120 offices and affiliates in 73 markets. In Singapore, we are among the largest and most successful consultancies, serving blue chip corporate and government clients across a range of industries.
      532 words

  • BT INVESTMENT ROUNDTABLE
    • 2215 10 The bull market appears to have peaked and a major correction in global bonds and equities is looking more likely, say panelists PARTICIPANTS Moderator: Anthony Rowley, Tokyo correspondent for the Business Times Panelists: Marc Faber, investment adviser and publisher of the "Gloom, Boom and Doom
      AFP  -  2,215 words

  • ECONOMY WATCH
    • 339 11 NYT [WASHINGTON] Robert B Zoellick, President Bush's nominee for president of the World Bank, secured the support of the bank's board of directors on Wednesday after reporting to them about his recent meetings with bank representatives around the world, bank officials said.
      NYT  -  339 words
    • 430 11 AP [PARIS] Renewable energy has moved out of the fringe and into the mainstream, with investors worldwide pouring US$7l billion in new capital into the sector in 2006, up 43 per cent from the previous year, a UN report said on Wednesday. Fears- about
      AP  -  430 words
    • 436 11 IHT [NEW YORK] Leaders of the tax-writing committees in Congress are considering a new proposal to end a little-known tax break that has allowed wealthy financiers who run private equity firms and hedge funds to cut their total income tax bills by
      IHT  -  436 words
    • 249 11 Reuters [NEW YORK] More US workers are getting pay raises based on how well they do their jobs, according to a survey released on Wednesday. US workers who said their companies pay higher salaries to employees who perform well rose to 41
      Reuters  -  249 words
    • 430 11 Antigua wants US to comply with ruling that online gambling curbs are illegal AP [GENEVA] The United States should face commercial sanctions worth more than US$3.4 billion each year for its failure to comply with a WTO ruhng that its Internet
      AP  -  430 words
  • Page 11 Advertisements
    • 264 11 O o 41 H When Your Clients And Colleagues Are True Blue A gift from Tiffany Co. is used, valued and remembered. For years. Timeless Tiffany design and flawless craftsmanship beautifully reflect the standards of the giver. To apply for a Tiffany Business Account and receive a catalogue, please call
      264 words

  • MALAYSIA/INDONESIA
    • 147 12 IKUALA LUMPUR] Billionaire Saudi Arabian Prince Alwaleed bin Talal is making a US$l9O million bid for a five-star hotel in a prime Kuala Lumpur location, a report said yesterday. The Edge Financial Daily, citing unnamed sources, said the prince is making a RM6SO million (Ss29o
      147 words
    • 300 12 Bernama [MOSCOW] Malaysia's Petronas is in talks with giant corporations Gazprom and Rosneft to venture into sizeable energy projects in Russia, Prime Minister Abdullah Ahmad Badawi said on Wednesday. He said the discussion might lead to some partnership agreements but declined
      Bernama  -  300 words
    • 236 12 AFP [KUALA LUMPUR] A European Union envoy yesterday said Malaysia's racial quota policy favouring the majority ethnic Malays is detrimental to the country and could hinder a free-trade agreement. EU ambassador to Malaysia Thierry Rommel said Malaysia's attractiveness to foreign investors has
      AFP  -  236 words
    • 547 12 It expects acquisition within 2 years, plans to turn it into Islamic bank Bloomberg [JAKARTA] PT Bank Central Asia, Indonesia's second-biggest financial services company, plans to acquire a bank in the next two years as the government urges the industry to consolidate
      Bloomberg  -  547 words
    • 741 12 The oil pipeline developer may sell stake to Mid-East oil producers Bloomberg [KUALA LUMPUR] Trans-Peninsula Petroleum Sdn, the developer of a US$7 billion pipeline across Malaysia, is in talks to sell some of the venture to Middle Eastern oil producers to help them
      Bloomberg  -  741 words
  • Page 12 Advertisements
    • 52 12 Your bundle of joy awaits jßjjT ill I ----ff .ZfißEts y >*** H to; Mothercare is conducting a 20% storewide sale exclusively for readers of The Business Times. More details in The Business Times Weekend tomorrow. The Business Times Organised by: Managed by: Tfu 0 FRASERS i™*--!*, Centreßpint CM fra«r
      52 words
    • 631 12 •iATci NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg •fIBTERRA a ABTERRA LTD. (Incorporated m the Rapubkc o» Singapore) (Company RagMrakon Number: *****3007 C) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Shareholders of the Company will be held at 8 Shenton Way, #31-02,
      631 words
    • 456 12 IN THE MATTER Of THE COMPANIES ACT, CAP. 50 HOCK HUAT t COMPANY (PRIVATE) LIMITED (In Members' Voluntary Liquidation) Company Rag. No. *****1251R At an Extraordinary General Meeting of the members of HOCK HUAT COMPANY (PRIVATE) LIMITED duly convened ond held at Bik 56 Telok Blongah Heights #07-175, Singapore *****6
      456 words
    • 24 12 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. WAT 3 NOTICES
      24 words

  • GREATER CHINA/INDIA
    • 2489 13 vol Mm 21 «M W- C0»0) A M Realty -2M -0.05 27 Abfic Bhd ..0.30 0.01 30 Advance Synergy 0.33 0.02 1552 Adventa Bhd 1.37 0.07 2922 Ae Multi Hldgs 0.3S 0.02 1556 Affin Holdings .2.37 0.04 1892 Ahmad Zaki Resou 3.34 unch 95 AicCorp ..0.55 -0.02 58
      2,489 words
    • 408 13 Bloomberg [BEIJING] Stocks and mutual funds overtook bank deposits for the first time as the investments most favoured by Chinese households, a central bank survey showed. The People's Bank of China yesterday released summaries on its website of second-quarter surveys of households,
      Bloomberg  -  408 words
    • 553 13 Bloomberg [NEW DELHI] Visitors from India are spending more in London than the Japanese for the first time, highlighting the strength of India's economy and the changing nature of tourism in the UK capital. Indians spent £139 million (***** million) last
      Bloomberg; BLOOMBERG  -  553 words
    • 213 13 Reuters [SINGAPORE] Mobile phone maker Sony Ericsson will leave other vendors to scrap for sales in India's huge market for cheap handsets, while it focuses on pricier phones for users replacing their first models, a senior official said. All major mobile
      Reuters  -  213 words
    • 406 13 Reuters [HONG KONG] Morgan Stanley has raised the biggest property fund ever, an US$B billion warchest aimed mainly at Asian markets including Japan, China and India. The Morgan Stanley Real Estate Fund VI, supplemented with borrowing, would command spending power of more than US$3O
      Reuters  -  406 words
    • 743 13  -  Move is likely to trigger more controversy and delay market reform By JANE MOIR in Hong Kong A LONG-AWAITED law to give statutory backing to Hong Kong's listing rules is to be sent back to drafters, a move likely to
      743 words

  • MIDDLE EAST
    • 420 14 It will invest 190b riyals by 2015 to meet surging power demands Reuters [RIYADH] Saudi Electricity will invest 190 billion riyals (5577.9 billion) to increase generating capacity by 60 per cent by 2015 to meet surging power demand. The company would invest around
      Reuters  -  420 words
    • 216 14 Bloomberg [DUßAl] Inflation in the United Arab Emirates accelerated to 9.3 per cent last year, the fastest pace since records began more than 25 years ago, boosted by housing costs and a weaker currency, the Ministry of Economy said. The inflation rate rose from
      Bloomberg  -  216 words
    • 179 14 AP [BANGKOK] Thailand's Bumrungrad Hospital said on Wednesday that its international arm has signed a four-year agreement with the Health Authority of Abu Dhabi to operate the A 1 Mafraq Hospital in the United Arab Emirates. The company said Bumrungrad International (BIL) signed
      AP ,  -  179 words
    • 8130 14 UNIT TRUSTS FUNDS AfN AMRO Asset Mgt (S'pore) Star Europe Eqtyl** 149/ Star Europe Bond 1 168/ Star Europe Bal 1 279/ Star Asian Tiger Eqty -1.556/ Star Asia Bond 1.333/ Stat Asia Balanced 1 148/ Star Global Technology Fundi** 0.232/ Mult) St Fd 0.991/ Star Asia BomXUSO) 0 867/
      8,130 words
  • Page 14 Advertisements
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      55 words

  • WORLD
    • 517 15 Move applies to foreign firms whose shares are publicly traded in the US AP [WASHINGTON] US regulators on Wednesday tentatively agreed to ease an accounting requirement for foreign companies whose shares trade in the United States. The move is seen as sending
      AP  -  517 words
    • 602 15 Reuters [LONDON/MILAN] The board of the London Stock Exchange yesterday discussed a share-based offer of about 1.5 billion euros (Ss3.l billion) for Borsa Italiana, people familiar with the situation said. A tie-up would help both exchanges keep pace with the rapid global
      Reuters; AFR  -  602 words
    • 437 15 LATEST US DATA Conference Board index points to US economy recovering [WASHINGTON] A gauge of leading US economic indicators strengthened more than forecast last month as stock prices juhiped and fewer workers applied for unemployment benefits, a private report showed. The Conference
      437 words
    • 582 15 Reuters [NEW YORK] The fate of two troubled hedge funds managed by Bear Stearns was left in question after Merrill Lynch sold off assets seized from the funds and three other banks closed out their positions with them. The Bear Stearns funds
      Reuters  -  582 words
    • 576 15 Bloomberg [POTSDAM] Negotiations among four key World Trade Organization governments over a new global agreement collapsed yesterday, with India and Brazil blaming US and European unwillingness to cut farm aid and import duties on commodities. Trade and agriculture ministers from the US,
      Bloomberg  -  576 words
    • 142 15 NYT [NEW YORK] Wal-Mart said on Wednesday that it would rapidly expand the financial services offered in its vast network of stores, extending the reach of its retailing empire into its shoppers' wallets and the traditional turf of the American banking industry. Over the next
      NYT  -  142 words
  • Page 15 Advertisements

  • AVIATION
    • 498 16 One is backed by a Texas tycoon and the other, by son of Gulfstream founder Reuters [LE BOURGET, France] Plans for two supersonic business jets are circulating at the Paris Air Show this week, a measure of how far the market has recovered
      Reuters  -  498 words
    • 457 16  - Thai Air Asia execs increase stake to 51 The budget airline's management buys out all Shin Corp held shares By OUR CORRESPONDENT in Bangkok THE management of Thai Air Asia, the budget airline previously jointly owned by Shin Corp and Malaysia's Air Asia, have increased their stake to 51 per
      457 words
    • 258 16 Bloomberg [PARIS] Hong Kong Airlines Ltd signed a preliminary order for 51 Airbus planes valued at about US$6 billion on rising travel demand in China and the rest of Asia. The carrier pledged to buy 30 A320-series planes, 20 A33os and an
      Bloomberg; AP  -  258 words
    • 229 16 Reuters [CHICAGO] A two-hour computer outage affecting dispatch operations at United Airlines, a unit of UAL Corp, delayed nearly 270 domestic and international flights by the No 2 US carrier on Wednesday. Twenty-four domestic flights were also cancelled as a result of the systemwide failure,
      Reuters; BLOOMBERG  -  229 words
    • 216 16 Bloomberg [FRANKFURT] Deutsche Lufthansa. Europe's second-biggest airline, will take full ownership of Swiss International Air Lines next month, about two years after making a successful takeover bid for the carrier. Lufthansa, which indirectly owns 49 per cent of Swiss International, will acquire the
      Bloomberg  -  216 words
    • 291 16 AP [DALLAS] Pilots at American Airlines, unhappy over pay and angry at company management, ousted their union's top officers and elected a slate of newcomers who promised to take a harder line against the nation's largest carrier. Miami-based pilot Lloyd Hill defeated incumbent
      AP  -  291 words
    • 2423 16 CITY WJCNT ITA FLIGHT UP AfeaMuM $0455 U30 5Q456 1300 May* LH9771 1750 ATOM 2230 SQ268 1750 BA7382 2230 AF8087 1820 QF82 2230 BA7381 1820 LH9770 2345 QF81 1820 SQ269 2345 iBS §Q530 1930 A—>!■<>■ L***** 0630 AZ3993 2245 SQ323 0630 KL838 2245 AZ3992 1555 L*****
      2,423 words

  • SHIPPING
    • 374 17 The sale will help meet cost-saving targets, return firm to profit Bloomberg [COPENHAGEN] AP Moller-Maersk A/S's Lindo division, which builds the world's largest container vessels, may sell its German shipyard to a local competitor to help meet cost-saving targets and return to profit. Lindo
      Bloomberg  -  374 words
    • 377 17 Reuters [SYDNEY] Australia's Newcastle port, the world's biggest coal export terminal, reopened yesterday after closing a day earlier due to heavy seas, a port official said. Vessel movements will be increased to try to make up for lost port time, Newcastle Port Corp spokesman Keith
      Reuters  -  377 words
    • 775 17  -  ADMIRALTY CASEBOOK By SELVA KUMAR A FIGHT on a ship between a seaman and his former employer over unpaid wages can give rise to admiralty jurisdiction, a US appeals court ruled recently, setting aside a lower court decision that the dispute had no connection to
      775 words
    • 380 17 Bloomberg [HONG KONG] Daewoo Shipbuilding Marine Engineering, the world's third-largest shipyard, said profit last month more than doubled as the company built more vessels at higher prices. Net income increased to 26.5 billion won (Ss44 million) in the month from 11.9 billion
      Bloomberg; BLOOMBERG  -  380 words
    • 202 17 Bloomberg [HONG KONG] Hyundai Heavy Industries, the world's largest shipbuilder, has clinched a contract for four oil tankers valued at 306.9 billion won (Ssso9 million). The mid-sized vessels, which can each carry about 80,000 tonnes of oil, will be delivered by April 2011 to a
      Bloomberg  -  202 words
  • Page 17 Advertisements
    • 18 17 1 jtion, ac( Ju" ***>>■ For Reservations or Enquiries (65) 6363 8181 Email: shipping@hotelBl .com.sg Website: www.hotelBl.com.sg [hoT€L itmmiim
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    • 37 17 ■MHO |9gjj] Radio 91.3 is managed by SPH Unionworks.a subsidiary of Singapore Press Holdings N L33T More than just a lifestyle. It's life. With style. Feature Story GAMf Reviewed AND MANY MORE Comic Movie ,'0 Hardware Zone
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  • EDITORIAL & OPINION
    • 477 18 EDITORIAL WHILE Information, Communications and the Arts Minister Lee Boon Yang's speech at this year's imbX mega trade show may not have had the "Big Bang" impact it delivered last year, his report card on the state of Singapore's infocomm industry was impressive nonetheless. The minister
      477 words
    • 1176 18  -  Crude prices have been generally on the uptrend since 2002 and are now near their records G PANICKER APEC energy ministers recently sought to improve transparency in the energy market. At a meeting in Darwin, Australia, last month, it was decided that
      BLOOMBERG  -  1,176 words
    • 763 18  -  THE BOTTOM LINE LEON HADAR Washington Correspondent WHILE US officials were welcoming their Chinese guests in Washington on Wednesday to start talking about ways to strengthen ties between China and the United States, American lawmakers were pressing the Bush administration
      763 words
    • 1398 19  -  Ex-chairman of the supervisory board Heinrich von Pierer defends German corporate governance, credits Singapore leaders MATTHEW PHAN Reporter TWO qualities stand out from an hour's interview with Heinrich von Pierer, former chairman of the supervisory board of German giant Siemens: his pride and his
      AFP  -  1,398 words
    • 99 19  -  Denis Distant Singapore STARHUB has tried to justify its across-the-board subscription fee increase, but it has not justified the fact that the increase on a percentage basis varies from 4.2 per cent to 20 per cent, depending on which pack of programmes
      99 words
    • 196 19  -  LETTERS TO THE EDITOR Tang Yeng Yuen Vice-President, Issuer Regulation Risk Management Regulation The Singapore Exchange WE refer to the commentary, "Ban Joo placement: why the SGX delay" (BT, June 21). We would like to clarify that while Ban Joo announced the proposed placement on
      196 words
    • 105 19  -  Charlie Lau Suan Liat Singapore YOUR article, "Ban Joo placement: why the SGX delay" (BT, June 21), is an eye-opener for regulators and a great service to retail investors. If this practice of ridiculous placement discounts by public listed companies (PLCs) is not arrested
      105 words
    • 144 19  -  Tricia Lee Corporate Communications Manager Sing Tel WE refer to the letter "Customer service leaves much to be desired" by Khoo Yong Hang (BT, June 15). We have contacted Ms Khoo and apologised to her for the inconvenience caused. We would like to explain that
      144 words

  • Page 19 Advertisements
    • 103 19 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletterOsph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
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    • 23 19 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. Vfwsm NOTICES
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  • 11035 20 SGX MAINBOARD SJ-ote TH Lad Vat Dm Last (teste On Gr VM NH Mba Mjh law Code C l if my Sate COM) Nigh lao Buyer Setter Cut fit M 35 2 5716 lit Software 1 w*i IM 735 6 H48 BTelecom IM OS low 20 195 1*5
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  • 3779 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In MksI cot M SS N. IAS dy yr dy dy Jun2Q Index Chang* Chary Ciang< C f idng< C- f i«iig« C*i»ng< World index Praiminary 1194.6 OO OS 01 9J _0J 02 i EAfE Prgkmifiafy 1206.0 0.2 09 02 J>J_ 0-3 9f
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  • Page 22 Advertisements
    • 1435 22 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination MARITIME MASTER RDM/ATW/UK STXPOTBN CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIPPLE-EAST SERVICE F.EJS.EA. SERVICE Destination Destination LAURADA DBI/ABU/DOH/BRN/DMM/KWT BRIGHT MORNING INC/BSN Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES Tramping for bulk, breakbulk, mineral ores, project
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    • 648 22 IwiiKASu toto satvict VBsa/yor mwd hbghiw no raj ui sm STUmSIKCESSI* 10 4J 14/04 11/04 IAUSTiAUAN tOBO «VKI I ygsayvoT imtqcd hekhtni ia i sw w stp mr m FONONA/On 30 2.4 Ot-M/U 23-23/0* 25-25/04 27-21/04 30-30/04 POSITIVE LCAOBt /OH 100 Si) 14-14/04 30-30/04 02-02/07 *****/07 07-07/07 11-11/07 DRESDEN /045
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  • Page 23 Advertisements
    • 1513 23 WAN HAI INTERNATIONAL PTE LID at NO: **********0/r I* *****588 (14 UNK) FAX: *****163 V\M\ \AIAIJ A I I I NEC Servic/Boofcwp Dfr«ct Uno (1800) *****200 V Yl I f f Mil rIMI LIIIC J m IH; (03) 3346M8 FAX: (03) *****288 Bl IH: (04) *****00 FAX; (04)*****99 V— JOH
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    • 1160 23 EASTERN CAR LINER, LTD W 1 1 STEOALIZE ROTO A HEAVY UFT UPTO 450 TOMS 11 »—<" i I siw 1 m 1(1 LUNAAZUt 7f 35 10 W/D* Ml 1 1 sas— —a 5 -i&r^^rz 6010 MENAM 71 40 IK M/ 07 11/07 13/07 MEMJON ACt 3» 30 12/07 14/07
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    • 638 23 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS HKSfI I VOY I SW I MM* ICOLMMO g SHH* COLMMT" howmm OM3* L2JUH 2LM HM 2UML- 01M ay TfW!O7 a JUM OMIT omn HLM im— uwgawohi onsw 03 JUI MJUI 07JUI iijul ISJUI ALSO ACQPIMG K1
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 3187 24 This E'A r* Advertiser Vessel Voyage Telephone SIN Desfn Name Nan* Number Number To ABU DHABI (AUH) 2004 U. A. Emirates 03/07 14/07 SCI SCIDIYA 725W *****355 08/07 19/07 SCI EMIRATES KANAKO 726W *****355 To ADELAIDE (ADL) 2007 Australia 01/07 20/07 China Shpg ANL
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  • Page 24 Advertisements
    • 420 24 IRISL, Qfrm faa Q(h® Raaft? ®®§®(pl)8 GGMftaijtmtrimdl ®ifl Qlhiflswsjlh M 7 ®ff IkxMfog) (fex? QtFQmip&jrfteflfkM 0® fimlkiifXs] ipofimite Sua Harm) ®S W®QQ as (§offo& GGwinQijrfm foa Qttm (fosftsstf Qvamito Mam* SINGAPORE REGIONAL OFFICE: AGENT IN SINGAPORE: AGENT IN MALAYSIA: AGENT IN INDONESIA: IRlll ASIA PTE LTD SINOSE MARITIME PTE LTD
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    • 480 24 PACC Container Line Pte Ltd AUUUAYA2 91 MM 23/0* 24/06 HKIANPA 2019* 23/06 23/06 MCIAMPA 2020*1 24/06 25/06 HCIANOA 2021N 26/06 26/06 vBSa vei $9 ESU PACHUMT ft 0171 23/04 2S/06 HC lUMT PR0379 30/06 02/07 MC lUPAT PRO3M 07/07 00/07 PACIUPAI ftOMl 14/07 16/07 VBStt VOT SM MY SOU
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      325 words

  • executive lifestyle
    • 614 25  -  off the cuff jaime ee WHAT is the world coming to when the Vatican has to issue a new set of the Ten Commandments for motorists in response to the global increase in road rage? What is Singapore coming to when SBS
      614 words
    • 1781 25  -  With the strong growth in the wine market recently, industry players are optimistic about the possibility, reports CHRISTOPHER LIM CHRISTOPHER LIM SINGAPORE'S wine market has experienced strong growth in recent years, with many feting its potential as a centre for the region. Is this kind of
      1,781 words
  • Page 25 Advertisements

  • NIGHT OUT/WINE
    • 715 26  -  A group of bartenders dabbles in innovative and disconcerting concoctions, writes MELISSA LWEE MELISSA LWEE IMAGINE this: eating gin and tonic, or "drinking" a rose-flavoured martini with a waxy texture called "lipstick rose martini". Sounds weird? Probably so to the regular bar-goer, but not to
      715 words
    • 1104 26 SyNKYONG ;i SPENT a whole week tasting the top 2006s "and in some cases re-tasting those I had seen •fn early April. I* My general impressions are that if 2003 rand 2005 especially 2005 had not been 'the spectacular vintages they were,
      1,104 words
  • Page 26 Advertisements
    • 125 26 liei i' lo wine, dine ciiul onlorl.ii 11... MODISH SUNDAY SEAFOOD LUNCH 5. ir?3 MMMM leataaraat t«th floor Embark on an epicurean sea adventure of the freshest seafood specialities at $90 additional for free flow champagne. mem™ "SaSSi" M <?-- y r WB&» 1 1 iv ■■Hi jL Aiwainfl Gaze
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    • 47 26 Club Card *****980 WBBRgm A World of Exclusive Privileges Treats Diners Club InKrnawnal Now you can enjoy your drinks REALLY early Tiger and Heineken at $5.50 per mug and $22 per jug daily Date: 1 to 30 June Weekdays: 12 noon till late Weekends: 2pm till late
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    • 55 26 mm Gato Negro Best 1»11\ Wine Kilt liusiasl I 11) |>« M l('( ll>\ < I I'flh l< 111>ll.m<l (in >\ l\<l I<l (i |(>j( x Outback Staaknouaa Singapore Ttmw 2 O Mlltonl® Wrtk, 1M: 6837 3242 JHHk Complimentary dessert with min. spending of $60 nett FMMMW Extended happy hour
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    • 4 26 ■BBBBnBHB < >JM ■FT V
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  • CINEMA/MUSIC
    • 1336 27  -  Whether talking about the media, movies or the environment, Shekhar Kapur finds the story in it, says PARVATHI NAYAR PARVATHI NAYAR TALK to Indian film director Shekhar Kapur, and you understand why storytelling is such a a prized asset in the business world today.
      ARTHUR LEE  -  1,336 words
    • 564 27  -  By PARVATHI NAYAR THERE'S no doubt about it, ice-dwelling penguins are the hot new birds in Tinsel Town. Luc Jacquet's documentary March of the Penguins laid the foundation in humanising these black-and-white birds by showing how baby penguins are adorable, parent penguins are responsible, and the
      564 words
    • 305 27  -  DVD By PARVATHI NAYAR GENERAL ldi Amin, by all accounts, was one heck of a scary person in real life which is a quality that Forest Whitaker captures quite brilliantly in his portrayal of the late Ugandan dictator. Whitaker shows Amin to
      305 words
    • 622 27  -  Reviewed by BEN MUNROE Memory Almost Full Paul McCartney Hear Musk Rating: C Lennon Legend John Lennon EMI Rating: B THE best thing to come from The Beatles in recent years is last year's Love, in collaboration with Cirque du Soleil. Potentially disastrous but ultimately
      622 words

  • PURSUITS
    • 839 28  -  More executives are filling weekends with amateur sports leagues, reports AMANDA DE GUZMAN AMANDA DE GUZMAN V 3 NCE or twice a week, countless mild-man-nered executives all over Singapore strip off their office attire and transform into hulking pieces of testosterone fuelled by competition and
      839 words
    • 598 28  -  By MOHIT LALVANI and MELISSA LWEE POLO is well-known as "the sport of kings", so it's no surprise that a top lifestyle brand like Cartier also known as the "king of jewellers" has made an event like the Cartier International Tournament 2007 Le Maillet
      YEN MENG JIIN  -  598 words
    • 501 28 BOOK REVIEW Grande Expectations A Year in the Life of Starbucks' Stock By Karen Blumenthal Published by Crown Publishing Group 2007, 309 pages, $38 Rating: B Reviewed by KATHERINE PENALOZA STOCK picking is sometimes more akin to reading coffee grounds. Like for-tune-tellers, amateur
      501 words
  • Page 28 Advertisements
    • 183 28 Dynamite. Safety matches. Saab. A Who says a cold dark country can't spark some bright ideas. I H""^m i.*" -V. '<■ Some of the world's most clever ideas have come from Sweden. Though it's well below zero most of the year, the engineers at Saab have created some sizzling hot
      183 words

  • ARTS FEST
    • 558 29  -  Li Liuyi's version of 'Beying Ren' is to be staged in S'pore, reports JANICE HENG JANICE HENG H ML Jf IDELY considered Chim fi nese playwright Cao Yu's JF Jf most accomplished a work, Beijing Ren is also 4 f a his
      558 words
    • 496 29  -  By AMANDA DE GUZMAN WHENEVER he is in town, renowned conductor Chan Tze-Law never fails to take his daughter to school every day at 6.00 am. This is no small feat, considering the jetlag he experiences, resulting from an extremely hectic schedule that requires
      496 words
    • 571 29  -  By MELISSA LWEE BERNHARD Bub is a man on a mission. The artistic director for Time Out the closing finale of the Singapore Arts Festival wants the 70-minute performance to transport its audience into another world altogether. "Time out means that we
      571 words
    • 244 29 DoNHoum: Mabou Mines' avant-garde translation of the Ibsen classic incorporates a variety of genres that run the gamut from puppetry to opera. Bpm, until June 23, Drama Centre Theatre, tickets $20 to $80, 150 minutes with intermission. SOLD OUT Beijing
      244 words
  • Page 29 Miscellaneous
    • 198 29 CRYPTIC CROSSWORD 10 See group dynamic developing 2 Monitor army coming round to 3 Pole about to join clique in the ■■■■i 25 New hat style could be secret I 1 (8) 26 Time for a special dance? Help! from drums (7) YESTERDAY'S SOLUTION (6) 7 Ha PPy Prisoner in
      198 words

  • Page 30 Advertisements
    • 169 30 Panasonic ideas for life VtEfA I sequences I ll J=prO to adrenaline-packed sports on VIERA LCD TVs. Equipped with Motion \V 1 f Picture Pro, you can enjoy smoother, faster moving images. That's because conventional Vl LCD TVs use 50 frames per second and VIERA uses 100, which means a
      169 words