The Business Times, 14 March 2007

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Total Pages: 34
1 34 The Business Times
  • 20 1 THE BUSINESS TIMES SINGAPORE 85 cents Wednesday, March 14,2007 online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006
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  • 429 1  -  A go-ahead will put S'pore on world motor racing map By SAMUEL EE [SINGAPORE] Singaporeans, get ready to start your engines. After years of waiting, you could know as early as this weekend whether you are going to get your own Formula
    FILE PHOTO  -  429 words
  • 1055 1  -  HSBC creates a special team, ABN Amro unveils new investment product for NRI clients By NANDE KHIN TAMARA MOHANAN KUPPUSAMY [SINGAPORE] Banks in Singapore are aggressively courting a new customer segment, the non-resident Indians or NRIs, as the net worth of
    ARTHUR LEE  -  1,055 words
  • Page 1 Advertisements
    • 61 1 EXEC MONEY Investment: the wealth manager or the small firm? PAGE 33 Martin's new owner AVIATION Regulate airport charges: lata PAGE 20 |t/A 1 New Toyota Vios §L\4 w gets entry-level version UK lB9H VW brings all operations EBBfcv WmmBm under one roof PAGE 30 8 HI Markets Digest Pap
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    • 8 1 WHATS UP? AO) Quek Leng Chan's surprise purchases
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  • TOP STORIES
    • 435 2  -  £426 m deal values Metro Centre at £1.07b By UMA SHANKARI [SINGAPORE] GIC Real Estate (GIC RE), the real estate investment arm of the Government of Singapore Investment Corporation, yesterday said it will pay £426 million (551.26 billion) to acquire a
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    • 553 2 Viacom launches US$1 b lawsuit against Google US entertainment giant Viacom yesterday launched a billion-dollar lawsuit against Google and its affiliate YouTube, accusing the video-sharing website of "massive" copyright infringement. Viacom, whose empire includes Paramount Pictures, said YouTube had "built a lucrative business out of exploiting the devotion
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    • 723 2  -  Definition of a foreign company may be eased By OUR CORRESPONDENT in Bangkok THE Thai government may be having second thoughts about its proposed crackdown on foreign-owned businesses, it emerged yesterday. A strengthened Foreign Business Act, tightening the definition of what
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    • 484 4  -  By DANIEL BUENAS [SINGAPORE] Singapore is still perceived to be the least corrupt country in Asia, although the growing cross-border nature of corruption is making it increasingly difficult to avoid negative fallout from graft, a report on corruption in Asia has found.
      Source: Pec  -  484 words
    • 132 4 sn 3,158.90 (-23.78) ST INDEX FUTURES 3.157.00 (-24.00) siMsa 386.62 (-4.19) SIMSa FUTURES ***** (-3.40) MARKETS Tuesday Chang* KLCOMP 1.200.01 -3.28 NIKKEI 225 17.178.84 -113.55 HANG SENG 19,333.14 -109.28 SET INDEX 675.20 +2.84 JAKARTA COMP 1.797.40 >2.88 MANILA COMP 3.181.96 *57.00 SEOUL COMP 1.436.05 -5.28 SHENZHEN B 493.82
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    • 595 4 It accuses Google affiliate YouTube of 'massive' copyright infringement AFP [NEW YORK] US entertainment giant Viacom yesterday launched a billion-dol-lar lawsuit against Google and its affiliate You Tube, accusing the video-sharing website of "massive" copyright infringement. Viacom, whose empire includes MTV and Paramount Pictures,
      AFP; AP  -  595 words
    • 439 4  -  By CONRAD TAN [SINGAPORE] Barclays Wealth, the private banking arm of UK banking group Barclays, has hired a former Credit Suisse private banker to head its expansion drive in the region. Didier von Daeniken, who resigned earlier this month as Credit Suisse's
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  • Page 2 Advertisements
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    • 56 2 peoole Do we know K H you? (Register with us today) www.thepeopleatwork com Asia-Pacific Executive Search Royal Sun Alliance Insurance (Singapore) Ltd., Is now able to provide you with worldwide medical insurance offering valuable benefits at competitive prices. For more information contact us at: 6423 0817 or 6423 0816 or
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    • 23 2 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. i NOTICES
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  • Page 3 Advertisements
    • 124 3 *J Hr S HE. s f' W' jfl Hk V BP fi Bl H^| BBji^S^^^ n^^ai -^~««««»^^^BMMMMPgg*'* iMWHMWMMBBBWBWHWMWPMWMMiiiM^^^^^^^^^LI.. > JP* ■B^^^vl MAKE A MARK FOR YOURSELF. The Jaguar XJ isn't all about technological breakthroughs. It's about a driving experience that never allows technology Tel: 6378 2626 6378 2627 6378 2628
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  • Page 4 Advertisements
    • 267 4 5 T 5 T R A LIA v^HBIHB^HKB An Education Experience that makes a real difference Australian Schools Info Evening Meet some of Australia's acclaimed primary, secondary boarding schools offering Grade 1-12 education. Learn about Australia's quality education pathway that provides a unique, creative learning experience for your child. Hale
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    • 32 4 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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  • COMPANY NEWS
    • 452 5  -  The group hopes it will be as successful as Laguna Phuket By JANICE HENG BANYAN Tree Holdings has obtained formal approval to develop a US$27O million resort near the beachside city of Danang on Vietnam's central coast, cementing an earlier memorandum of
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    • 389 5  -  VIETNAM BECKONS They will acquire and develop a 4.8 ha residential site in Ho Chi Minh City By UMA SHANKARI KEPPEL Land yesterday said it has entered into a joint venture (JV) with a Vietnamese real estate developer to acquire and develop
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    • 322 5  -  IPO WATCH By BENITA AW YEONG SIHUAN Pharmaceutical Holdings, which produces drugs to help treat the heart and blood, has launched an initial public offering of 120 million shares at 43 cents each for a mainboard listing. The issue includes 95 million new shares from which
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    • 350 6  -  It gets effective 20% stake in prime leisure project Macau Studio City By CONRAD RAJ CAPITALAND, South-east Asia's largest property company, yesterday announced that it had formalised its involvement in a proposed multi-billion dollar project in Macau by purchasing a one-third stake in East Asia
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    • 707 6  -  HOCK LOCK SIEW By SIOW LI SEN THE response seemed muted when Star Hub announced on March 6 that it would be returning $444 million to shareholders in a capital management exercise. Accounting for the response may have been the fact that the company
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    • 314 6  -  By UMA SHANKARI ASCOTT Residence Trust (ART), which is selling 105.3 million new units to raise $199 million, yesterday said that the ATM offering of 8 million units at $1.90 per unit was fully subscribed by retail investors yesterday. The news follows
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    • 1001 7  -  VTS boss tells MATTHEW PHAN that its growth has contributed to the parent firm's growing presence outside Singapore MATTHEW PHAN AS South-east Asia's largest defence contractor and a leading player in global aviation support, Singapore Technologies Engineering (STE) is better known for its stable
      ARTHUR LEE  -  1,001 words
    • 142 7 STATS ChipPAC names takeover bid adviser STATS ChipPAC, which is the subject of a takeover bid by Temasek Holdings' Singapore Technologies Semiconductors, said its special committee of independent directors has appointed Morgan Stanley Dean Witter Asia (Singapore) as financial adviser. Hiap Seng unit wins US$17.9m China job HIAP
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  • Page 5 Advertisements
    • 324 5 SINGAPORE'S MOST MODERN SPECIALIST CLINICS. As the center for Singapore's newest state-of-the-art specialist clinics, Novena Medical Center offers doctors a rare opportunity to own a medical suite with great supporting infrastructure. BE A PART OF SINGAPORE'S EXPANDING HEALTHCARE SECTOR As a regional medical hub, Singapore targets to attract 1 million
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  • Page 7 Advertisements
    • 649 7 It's time to give in to the side of you. Mm —f h<- rif-v7 UokM f K'i roriri'-ct'y you t r .T r, r: u rrj-IftTf*rfif-t ovr OO r JO* /.'if i hotpot' nrroVy >irig<*por'- With If, million rolour,, -mr-rjrjp./H f »jrr»*-ra, i-d',/ o r to orifw-r <•< 'd!!', arid
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  • SINGAPORE MARKETS
    • 932 8  -  CURRENCIES Greenback looks a touch more vulnerable even as recoveries elsewhere falter LARRY WEE Senior Correspondent Mk T the end of February, they all seemed to bail out in a m selling frenzy which fed on g each other out of stocks, the carry
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    • Article, Illustration
      942 8 SECURITIES TRADING SCOREBOARD MAIN SDQ TOTAL Up Down Undi Up Down Undi Up Down Unch Multijnd 4 JO 3 0 1 0 4 11 3 Manufacturing 58 86 55 4 14 19 62 _100 _74 Commerce 25 25 26 3_ 6 8 28 J 1 34 Tpt/Stor/Comms 9 20 8
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    • 812 8  -  Compiled by MATTHEW PHAN Singapore land March 13 dose: $10 DBS GROUP RESEARCH, March 13 MARINA Bayfront Residences in the making? Reportedly certain factions of Marina Centre Holdings (MCH) are mulling the redevelopment of Marina Bayfront the office component of Marina Square to residential development. Marina Bayfront is
      812 words
    • 518 8  -  STOCKS R SIVANITHY Senior Correspondent THE technically minded might point to the fact that yesterday's pressure in the local market came after the Straits Times Index had rebounded by exactly 200 points from its recent low of 2,982, in which case the weakness qualifies
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  • Page 9 Advertisements
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  • SINGAPORE NEWS
    • 369 10  -  By PAMELA CHEW TWO freehold residential development sites in prime locations are up for sale this week. Colliers International yesterday offered a Killiney Road site for sale via an expression of interest the same site offered for sale by tender last June.
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    • 328 10  -  It will work with ADB to aid developing nations By PAMELA CHEW INTERNATIONAL Enterprise (IE) Singapore and the Asian Development Bank (ADB) will work together to promote cooperation and knowledge-sharing on urban management for Asian developing countries. The two organisations signed a memorandum
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    • 401 10  -  By VINCENT WEE SOUTH Africa is selling itself to Singaporeans as a tourist destination and particularly for what the country calls business tourism. The country's tourism board is building on its recently launched Business Unusual campaign to drive growth, in a
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    • 514 10 Influx of overseas players has raised the bar in prices and quality: CEO FAR East Organization will pay more attention to the high-end property market, which has grown too big to ignore, says CEO Philip Ng. "In the past, we concentrated our
      FILE PHOTO  -  514 words
    • 497 12  -  This is achieved nine months ahead of completion of the $750 m terminal By RONNIE LIM STRONG industry demand for oil storage here has resulted in Singapore trader Hin Leong Trading's mega $750 million Universal Terminal being almost fully taken up nine
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    • 419 12  -  They receive Clinician-Scientist Investigator award By CHEN HUIFEN SINGAPORE'S translational research scene got a shot in the arm yesterday as six doctors were conferred the Clinician-Scientist Investigator (CSI) award. Associate Professor Wong Meng Cheong from the National Neuroscience Institute and Associate Professor Chong Siow
      ARTHUR LEE  -  419 words
    • 280 12 THE bottom fifth of households by income continued to experience the highest inflation rate in 2006, according to the Department of Statistics yesterday. During July to December 2006, the consumer price index (CPI) for general households rose 0.7 per cent year-on-year. Lower
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    • 289 12 ASIA'S cruise industry got a big boost with the launch of a new portal at the annual Seatrade Cruise Shipping Convention in Miami yesterday. The portal www.Cruise ASEAN.com will provide vital information on destinations in Asean and signifies a commitment by nations in the grouping
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    • 304 12 GLOBAL logistics firm DHL is stepping up its corporate social responsibility (CSR) efforts here, after playing a relatively low-key role in the community over the last few years. Last month, it launched the Young Entrepreneurs for Sustainability (YES) Awards, a programme designed to
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    • 170 12 THE Chartered Insurance Institute (CII), an international accreditation body for insurance and financial planners, has set up a local office in Singapore to head the organisation's growth in the region. The institute, headquartered in London, yesterday said it has appointed a head of regional business
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    • 135 12 Aiesectohold corporate breakfast THE Singapore branch of international student organisation Aiesec is organising a corporate breakfast for chief executive officers and human resource directors. The breakfast, with the theme of "Mobilising Global Talents", will be held on March 28 at the Raffles Hotel with panelists from PricewaterhouseCoopers, DHL
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  • Page 10 Advertisements
    • 1321 10 CATS NOTICES In The Matter Of The Companies Act, Cap. 50 And In The Matter Of PREDICTION ASSET MANAGEMENT PTE. LTD. (In Creditors' Voluntary Liquidation) (Co. Reg. No *****6825K) Notice of Resolution At an Extraordinary General Meeting of the members of the abovenamcd Company duly convened and held on the
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    • 140 10 AEROTECH SINGAPORE (PTE)LTD (Co. Reg. No.: *****2693N) (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING Notice is hereby given pursuant to Section 308 of the Companies Act Cap 50 that a Final Meeting of the Members of the Company will be held at 13A Teo Hong Road Singapore *****7 on
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    • 29 10 I Joining forces? Announce the good news. Call 1800 289 8822 or email notiees@sph.com.sg to book your corporate notice in our newspapers now. [ft ATS NOTICES f 1 «»L
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  • Page 11 Advertisements
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  • Page 12 Advertisements
    • 136 12 wSssL- t. jr **wP& c <mkM > >_IB| fcr 'f f l|HHk 4i v ml AV |V: H I" m fti I 11 r- Bl J With an unwavering drive for winning and a total commitment to raising the bar to achieve maximum client satisfaction, ING will build and manage
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    • 16 12 Place your AGM and EGM ootices m our newspapers. CaU 1800 289 8822 or email nottces#spti.coffl.sg.
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  • Page 13 Advertisements
    • 258 13 sat Ji&aß «-rr. i ■*■>«.' j.y« fT~T" SIKP >p---V" IPinjH^M Hfe*' Qqh .'".-.A ft.. WW^* f 4 HP TNT delivers the boost to Singapore's Life Sciences Drawing on more than 60 years of experience and expertise, TNT delivers a new dedicated life sciences hub that assures faster speed to market,
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  • ECONOMY WATCH
    • 480 14 But IT industry unlikely to produce many new jobs NYT [NEW YORK] Money spent on computing technology delivers gains in worker productivity that are 3-5 times those of other investments, according to a study published yesterday. But the study also concluded that the IT industry itself
      NYT  -  480 words
    • 415 14 Reuters [BEIJING] China faces a huge challenge finding jobs for all its people, especially university graduates, a senior minister said yesterday, though he admitted that some sectors of the economy faced staff shortages. Minister of Labour and Social Security Tian
      Reuters  -  415 words
    • 440 14 Bloomberg [BEIJING] China's inflation accelerated in February as food prices jumped, adding pressure on the central bank to raise interest rates in the world's fastest-grow-ing major economy. Consumer prices rose 2.7 per cent from a year earlier after gaining 2.2 per cent
      Bloomberg  -  440 words
    • 740 14 Many economists think it's premature to say economic expansion is ending Bloomberg [WASHINGTON] The disagreement between Alan Greenspan and Ben Bernanke about where the US economy is headed boils down to just one word: profits. For the former Federal Reserve chairman, a peak in
      Bloomberg; BLOOMBERG FILE PHOTO  -  740 words
  • Page 14 Advertisements
    • 159 14 Chops* on> torn from our Ml To Celebrate With A corporate gift, a company dinner or just casual drinking, Le Vigne offers a large HHIHI selection of wines ~J for each occasion. > mot '"l'laW by U£<tlG/ 40 Holland Grove Rd. Tel: *****053 Diners Club Card 70^^*****980 A WorlJ of
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  • MALAYSIA/INDONESIA
    • 284 15 Bloomberg [TOKYO] Itochu Corp, Japan's fourth-largest trading company, and Indonesian partner P T Molindo Raya plan to start producing ethanol from two proposed plants in Indonesia in the second half of next year. The plants in Lampung at the northern
      Bloomberg  -  284 words
    • 407 15 PNB and a unit trust fund it manages hold 68.5% of MIDF [KUALA LUMPUR] Permodalan Nasional Bhd (PNB), a state-run fund manager, plans to make a RM6OO million (*****.5 million) buyout bid for Malaysian Industrial Development Finance Bhd (MIDF), an investment bank,
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    • 812 15  -  But what interests analysts is Quek Leng Chan's gaming forays By S JAYASANKARAN in Kuala Lumpur IN mid-February, a ripple of excitement ran through the markets alter it was revealed that Malaysian tycoon Quek Leng Chan had bought into two quite different companies: oil and gas
      FILE PHOTO  -  812 words
  • Page 15 Advertisements
    • 66 15 I Celebrating Our 15th is a modest milestone. But with USs3sbn f under management in Asia and more than ZOO staff, we now have a presence in seven countries around the region. We re proud, therefore, to share this occasion with our investors individuals and institutions alike and thank them
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  • INDIA
    • 302 16 Bloomberg [NEW DELHI] Reliance Industries Ltd is betting that investors will accept its be-low-market price offer to acquire the stock it doesn't own in Indian Petrochemicals Corp because of the parent's diverse businesses. Indian Petrochemicals earnings are determined solely by prices
      Bloomberg  -  302 words
    • 7050 16 UNIT TRUSTS FUNDS ABN Amro Asset Mgt (S'pore) Stat Europe Eqty'" 1 033/ Star Europe Bond 1.17V Star Europe Baf 1 209/ Star Aslan Tiqef Eqty 1 288/ Star Asia Bond 1315/ Star Asa Balanced 1 098/ StarGlobalTechnologyFund 1 020 7/ Mum St Ed 0988/ Sta> Asa BondfUSD) 0 8621
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    • 501 16 Investors may be too bullish on bourse, expecting solid steady growth Reuters [MUMBAI] India's nearly four-year bull market and 9 per cent economic growth are fuelling unrealistic expectations for some investors, JP Morgan's top India executive says. "I think the level of expectation in certain
      Reuters  -  501 words
  • Page 16 Advertisements
    • 55 16 Allianz Global Investors one of the world's largest asset managers with more Allianz than US$l.2 trillion assets under management as at 31 December 2006. ciobai investors O company no *****/1b97 NQW S THE T|ME TQ Sar^afrair'review your investments. f "^kj£gNOW'S THE TIME TO frankly I WgrgOjjßH Call your Financial Advisor
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  • GREATER CHINA
    • 148 17 Bloom berg [BEIJING] Intel Corp. the world's biggest semiconductor maker, received government approval to invest US$2.5 billion to build a chipmaking factory in China, its first in Asia. The plant, to be located in the north-eastern city of Dalian, will have capacity
      Bloom berg  -  148 words
    • 371 17 Reuters [HONG KONG) Funds raised on China's stock markets in 2007 will eclipse those of Hong Kong, the world's second-largest cap-ital-raising venue for IPOs, as more Chinese firms seek listings at home, the chief executive of Asia's largest listed bourse said on Monday. "Total
      Reuters  -  371 words
    • 129 17 Bloomberg [HONGKONG] Hong Kong plans a new polymer banknote to increase the durability of money in circulation. The HK$lO (551.94) notes will be completed in May and introduced in general circulation for mid-2007, the Hong Kong Monetary Authority said at a press
      Bloomberg  -  129 words
    • 478 17 Retailers cut prices to fend off competition from foreign firms: ÜBS Bloomberg [HONGKONG] China is experiencing the start of a retail fuel "price war" as retailers cut prices to fend off competition from foreign companies such as Total SA, said ÜBS AG. PetroChina
      Bloomberg; REUTERS  -  478 words
  • Page 17 Advertisements
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  • ASIA-PACIFIC/WORLD
    • 468 18 Europe picking up slack, Asia holding up well as US slows to 'soft landing' Reuters [PAßlS] The US economy is slowing but not abruptly, Europe's economy continues to expand and Japan's growth is solid if imbalanced, the Organisation for Economic Cooperation and
      Reuters  -  468 words
    • 198 18 Bloomberg [BANGKOK] Thailand's cabinet yesterday approved a total ban on advertisements for alcoholic beverages aimed at curbing consumption. A similar ban was ruled invalid last November. The ban, which also includes new zoning on alcohol sales, will be forwarded to Thailand's National Legislative
      Bloomberg  -  198 words
    • 2508 18 VOL Mar 13 KM *1- C000) ASM Realty 1.62 004 14 AbricBhd 0.34 -0.02 357 Acp Industries 1.72 0.07 1648 Advance Synergy 023 -0.01 898 AdventaBhd .085 0.05 107 Ac Mutti Hldgs .0.33 -0.03 103 Affin Holdings 225 -0.10 3700 Ahmad ZakiResou 2.50 -0.03 23 AkCorp .0.60 0.01
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    • 360 18 Bloomberg [NEW YORK] Citigroup Inc raised its takeover offer for Nikko Cordial Corp by 26 per cent to US$l3.4 billion after the Japanese brokerage was allowed to keep its stock market listing, putting investors who rejected the first bid in a
      Bloomberg  -  360 words
    • 331 18 He teams up with private equity firm to revitalise brand Reuters [LONDON] Hollywood film producer Harvey Weinstein has teamed up with a private equity firm to buy the renowned Halston fashion brand, whose namesake founder counted Elizabeth Taylor and Andy Warhol as clients
      Reuters  -  331 words
    • 240 18 AFP [SINGAPORE] Singapore's elder statesman Lee Kuan Yew paid tribute yesterday to outgoing French President Jacques Chirac and urged the French people to accept economic reforms in order to stay competitive. "Under his presidency, France developed close economic and cultural ties with East
      AFP  -  240 words
    • 394 18 LATEST US DATA Reuters. Bloomberg (WASHINGTON] United States retail sales rose a less-than-expected 0.1 per cent in February amid cold weather in the north-east and despite firm automotive sales, government data showed yesterday, raising expectations of a June interest rate cut
      Reuters.; Bloomberg  -  394 words
  • Page 18 Advertisements
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  • WORLD
    • 392 19 AP [LONDON] David Richards is familiar with fast cars he has driven and owned plenty in his career. The 54-year-old car racing mogul added more speedsters to his collection on Monday as part of an investment consortium that bought a controlling stake from Ford
      AP; BLOOMBERG  -  392 words
    • 582 19 Firms hold events on campuses to rope in fresh grads Bloomberg [NEW YORK] Wall Street recruiters can be as aggressive as professional football players, says Chris Eitzmann, who will receive his master of business administration (MBA) degree in May from
      Bloomberg  -  582 words
    • 174 19 Reuters [STOCKHOLM] Swedish crispbread maker Wasa's sales in the United States have doubled since January after talkshow host Oprah Winfrey snacked on its product live on television. "She ate a sandwich live on TV, it was fantastic," said Karin Nilsson Malmen, spokeswoman for the company,
      Reuters  -  174 words
    • 564 19 SEC probes mortgage lender under siege from creditors Reuters LATWP [NEW YORK] The New York Stock Exchange (NYSE) yesterday said trading in shares of New Century Financial Corp should be suspended immediately, saying the mortgage lender's common stock and preferred securities are no
      Reuters; LATWP  -  564 words
  • Page 19 Advertisements
    • 33 19 Meritus Mandarin Singapore oonierence www.singaporebrand.org A STRONG BRAND HELPS SINGAPORE COMPANIES SECURE LARGE GLOBAL CLIENTS, STUDY SHOWED Findings to be presented at Singapore Brand Conference. WWW.Si ngaporebrand.org You can't afford to miss this.
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  • AVIATION
    • 249 20 AFP [SINGAPORE] Singapore Airlines (SIA) and its pilots' union will have to settle a pay dispute in court if ongoing talks fail to result in a compromise agreement, the company said yesterday. The pay dispute is over how much the pilots
      AFP  -  249 words
    • 353 20 Bloomberg [DALLAS] Boeing Co, the world's second biggest maker of commercial aircraft, won orders for passenger and cargo jets valued at about US$4.6 billion. Boeing received a U552.26 billion contract from Kuwait-based Aviation Lease Finance Co for 18 jets, including 12 of
      Bloomberg  -  353 words
    • 2270 20 air man eta fucmt etp AfcaDfcafci SQ456 1300 (MM LH9771 1740 LH9770 2350 SO268 1740 SQ269 2350 Awtardam L***** 0645 KL838 2315 SQ323 0645 L***** 2345 KL837 1605 SQ324 2345 »■!»■■< EK433 0130 SQ281 0850 UL2433 0130 LH9766 2100 SQ282 0630 NZ4385 2100 LH9767 2015 SQ285
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    • 494 20  -  Subject operators to ICAA principles in setting user charges, it says By VEN SREENIVASAN [SINGAPORE] The International Air Transport Association has called for independent economic regulation of airports and air navigation service providers (ANSPs), including detailed price-cap regulation and service quality standards. The airline grouping, which
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    • 324 20  -  By VEN SREENIVASAN [SINGAPORE] Regulators have approved Tiger Airways' plans for four flights a week between Singapore and Perth, to start from March 23. "This is great news and reinforces our confidence that the SingaporePerth route is going to be a big winner
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    • 283 20 Need for quality inspectors and improved technology AP [JAKARTA] Indonesia does not have enough quality personnel or technology to match the needs of its booming aviation sector, a government fact-finding team said after the country's third major plane accident in as
      AP  -  283 words
    • 471 20 AFP. AP [SYDNEY] Australian airliner Qantas denied union claims yesterday that it used prisoners from Singapore's Changi Prison to clean its aircraft. The aircraft engineers' union made the allegations at an Australian parliamentary inquiry into a proposed A$ 11.1 billion (5513.3. billion)
      AFP.; AP  -  471 words
  • Page 20 Miscellaneous
    • 221 20 CRYPTIC CROSSWORD home (4) H M H H 8 17 Bred in sin, set out this indica30 Intent on rendering two notes f] vices (6,6) YESTERDAY'S SOLUTION 3 Sv%) 9 15 Remains of pitched battles (5) Across: 1 Wh.tlow, 9 Al. right. 10 yK 16 Act gladly for an audience
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  • SHIPPING
    • 630 21 Move to free Chittagong port from union control and boost efficiency AFP [DHAKA] Bangladesh's interim government is to privatise operations at the country's main port to free it from union control and improve efficiency after a series of crippling strikes, a port official said. The
      AFP; FILE PHOTO  -  630 words
    • 649 21  -  By GEORGE JOSEPH [SINGAPORE] PSA International yesterday made a formal announcement of its plans to build and operate a container terminal at the Pacific entrance of the Panama Canal. The terminal at Rodman marks PSA's first ever port investment in the
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    • 548 21 Donor says a cent for a tonne of cargo would ease littoral states' burden Reuters AFP [KUALA LUMPUR] Shipping companies should pay a cent for each tonne they transport through the Malacca Strait to help maintain one of the world's busiest
      Reuters; AFP  -  548 words
  • Page 21 Advertisements
    • 159 21 International Ship Classification Keeping you ISCIOSSJ at the forefront security and environmental firotectlon I Estimated 500,000 pieces of surplus tools and hardwares belonging to Lam Bee Industrial Supplies (Pte) Ltd Ftatarinf: Stahwille striking spanners, sockets and wrenches, Dormer milling cutters, Taper length drills Straight shank drills of different sizes, Jones
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  • EDITORIAL & OPINION
    • 517 22 EDITORIAL THE ongoing troubles of the second largest US subprime lender, New Century Financial, are but the latest tremor in the now-decidedly-wobbly US real estate market. And there may be many more to come. With over two dozen US sub-prime lenders (which lend
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    • 1012 22  -  US$lOO billion mergers and acquisitions seen in 2007 after US$35.6 billion deals last year set record for M&As in Indian companies YOGI AGGARWAL A TIPPING point of sorts was reached in February with another two huge mergers and acquisitions (M&As) involving companies in India.
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    • 754 22  -  THE BOTTOM LINE FRANK CHING THE recent verbal gymnastics of Prime Minister Shinzo Abe show why, more than 60 years after the end of World War 11, Japan's wartime behaviour remains a sensitive issue around the region and why the country's
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    • 1538 23  -  Its pragmatic approach to introducing changes serves as role model of deregulation for the rest of the world By KAI-ALEXANDER SCHLEVOGT MANY leaders believe that revolution is the only strategy for managing change. In contrast, the incremental reforms of the postal sector in Singapore can
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    • 698 23  -  By RORY STEWART NYT POLITICIANS have taken to publicising "reading lists". President Bush, we were told, last summer was to read a comic historical novel on the first Afghan war and Camus' The Stranger. The Tory members of the British Parliament were issued weighty
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    • 273 23  -  LETTERS TO THE EDITOR Paul Heng NeXT Corporate Coaching Services A member of the NeXT Career Consulting Group, Asia I REFER to your article "Most middle managers here dissatisfied" (BT, March 9). In addition to asking what companies are doing about their middle managers' general lack
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    • 208 23  -  Chia Hui Ping. Singapore THE Securities Investors' Association of Singapore (SIAS) has urged shareholders to refrain from calling EGMs as it deems this drastic ("SIAS proposes informal tribunal for disputes", BT, March 10). I am baffled by this call, especially with the recent
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  • MOTORING
    • 584 30  -  It adds to customer choice and may help increase sales for Borneo Motors by SAMUEL EE A LOWER-GRADE variant is being introduced with the new Toyota Vios to cater for greater customer choice and expand sales for authorised distributor Borneo Motors Singapore. The Toyota brand
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    • 393 30  -  Carmaker to unveil new showroom on Saturday By SAMUEL EE ANYTHING that has to do with the Volkswagen brand will now be housed under one roof by the end of this month, declares Olaf Duebel, managing director of Volkswagen Group Singapore. The German
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  • EXECUTIVE MONEY
    • 762 31  -  Warren Buffett's rigorous requirements for Berkshire's next investment manager are standards that everyday investors should take a leaf from CHET CURRIER Bloomberg AS he looks for an investment manager to succeed him someday, Warren Buffett has set his standards high. "I intend to hire
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    • 903 32  -  Both stock and bond markets are functioning normally after the Feb 27 acorn, and the ground remains firm By JOHN BARRY Bloomberg ON Tuesday, Feb 27, an acorn fell on stock markets. Ever since, some commentators and a lot of journalists, like
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    • 674 32 Bloomberg ASIAN real estate offers better value than property stocks because the region's equity markets are still "vulnerable", said Marc Faber, an investor who predicted the US stock market crash in 1987. "I'm optimistic about Asia and emerging markets, but the stock markets
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    • 1426 33  -  Should you go big with wealth managers or place your money and your faith in a small firm? That depends on whose concept of profitability you prefer MONEY MATTERS CHRISTOPHER TAN RECENTLY, my chief investment strategist Daryl Uew was giving us a briefing regarding our new investment
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    • 813 34  -  While estate duty remains a certainty for now, GENEVIEVE CUA finds out from advisers how best to minimise the tax on insurance proceeds and mortgage protection plans GENEVIEVE CUA INSURANCE proceeds, as you probably know, are not automatically exempt from death duty, but there are ways
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    • 952 34  -  Growth has been strong; average sum assured purchased is about US$5m By GENEVIEVE CUA RISING levels of Asian wealth have sparked a demand for large "universal life" policies, and AlA's high net worth unit has set its sights on
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