The Business Times, 2 May 2007
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2007-05-02
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The Business Times
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Title Section22 2007-05-02 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 Wednesday, May 2,200722 words
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686 2007-05-02 1 MATTHEW PHAN - Maximum to minimum salary ratio could be brought down to 1.5 By MATTHEW PHAN [SINGAPORE] People doing similar jobs should expect to be paid similarly, Prime Minister Lee Hsien Loong said yesterday at the National Trades Union Congress May Day Rally.686 words
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Article, Illustration791 2007-05-02 1 ROLAND LIM - More foreign firms may add to growth of local companies By ROLAND LIM [SINGAPORE] From being a big consumer of digital media from animated films and computer games to music Singapore is about to turn into a big producer too. A dozen more foreign791 words
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186 2007-05-02 1 Reuters Bloomberg [NEW YORK] Dow Jones Co, owner of the Wall Street Journal, said Rupert Murdoch's News Corp made an unsolicited offer to buy the company for about US$5 billion. Dow Jones board and trustees of the Bancroft family, who hold theReuters; Bloomberg - 186 words
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Page 1 Advertisements
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Advertisement5 2007-05-02 1 CORPORATE EARNINGS TheQl scorecard PAGES5 words
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Advertisement33 2007-05-02 1 (Si FOOTBALL CLUB Thaksin makes takeover proposal to Manchester City page 3 *****11 l 8 "*****1 *****4 M«rfc«tf Dlgtft Ptflt 3 Wong Partnership to set up office in Qatar by June page 233 words
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Advertisement120 2007-05-02 1 EXEC MONEY How to structure a retirement portfolio PAGE 28 BUILDING BOOM rooms in \fegas .1 I Invenit rt Fecit invented and made Hie motto of a contemporary watchmaker building his own history. |yjr« BET] l^Lr^ IriyenHeifecH T ■m JMr IS Bit'- urn *^V H I Urn '<& AyMr W120 words
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TOP STORIES
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Article, Illustration525 2007-05-02 2 WEE LI-EN - It'll be first S'pore law firm with presence in the Middle East country By WEE LI-EN [SINGAPORE] Wong Partnership will be the first Singapore law firm to have a presence in Qatar it received its licence this week to operateARTHUR LEE - 525 words
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Article416 2007-05-02 2 Thaksin makes bid for Manchester City FORMER Thai prime minister Thaksin Shinawatra has made a takeover proposal to soccer club Manchester City, which is seeking fresh investment to better compete with rivals in the English premier league. Dr Thaksin's advisers will examine the club's accounts before reporting back416 words
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Article, Illustration284 2007-05-02 3 Wearing neckties a health risk to patients, they say AP [KUALA LUMPUR] Malaysian doctors want to be free of encumbrances around their necks. Not their stethoscopes, but neckties. The Malaysian Medical Association (MMA) has asked the Health Ministry toAP - 284 words
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Article, Illustration586 2007-05-02 3 Accountants to complete due diligence; offer may be worth £100m Reuters AFP Bloomberg [LONDON] Former Thai prime minister Thaksin Shinawatra has made a takeover proposal to soccer ciub Manchester City, which is seeking fresh investment to better compete with rivals in the English premierReuters; AFP; Bloomberg - 586 words
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Article145 2007-05-02 3 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. MARKETS Tuesday Change KLCOMP dosed r NIKKEI 225 17.***** -125.43 HANGSENG SET INDEX Closed r JAKARTACOVP 2,001.18145 words
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Page 2 Advertisements
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Advertisement43 2007-05-02 2 r 5 6 May 10AM 7PM Hall 402 403 I FREE EN I Suntec Singapore international Convention and Exhibition Centre m AtTBBNATIVE IWVKTIIMHIT i PROTtR gowtcithy-com Q CIMB IHH Th» Fry Gtxjp HBHm VWnaSponacr MwWOTi l>WP»* flpwwnr Otgmm: *j§>«. ClubMedT <$. (5) wotw.« 3C?T^rr43 words
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Advertisement315 2007-05-02 2 Hunting season has begun. STSJLSS. Financial Reporting Update 5 Raffles Ave, Marina Square f f h B, room Two years on (Registration begins at 8:30 am) The road ahead Registration/enquiries Tfel K (65?6309 6954 Tw re P° rtin 8 seasons have passed since 2005, when many changes Fax: (65) 6532315 words
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Page 3 Advertisements
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Advertisement179 2007-05-02 3 JK j fl k'IV'JHHA OR wyl &Bm /< f If^Bl' "BE^ H B| Hg WP I HH 'K v K Vie% J», Bv 1 B*p R s Jf. i frwJ Eki g* |^1 f"®Bbdl ■ißfiuH I I'- Mfflff ifll B r HI BIBBB^^^^SSb START A FEW HEARTS RACING. This is179 words
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COMPANY NEWS
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675 2007-05-02 4 VEN SREENIVASAN - HOCK LOCK SIEW By VEN SREENIVASAN People who look to numerology for their fortunes generally believe that "8" is a lucky number. Many spend thousands of dollars ensuring that they are associated with this numeral, be it for car registration plates, properties675 words
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168 2007-05-02 4 MAPLETREE Logistics Trust has signed a conditional deal to buy a Hong Kong commercial property for about HK$7BO million, orSslsl million. The acquisition, which is expected to be completed by June next year, is yield-accretive and has a pro forma effect on MapletreeLog's distribution168 words
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Article, Illustration678 2007-05-02 4 MATTHEW PHAN - Reit listings here expected to rise in next 12 months By MATTHEW PHAN IF you think Singapore's real estate investment trust (Reit) sector has reached its full potential, think again. Though the'local market can rightly claim to be Asia's most developed, it678 words
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637 2007-05-02 4 JANICE HENG - By JANICE HENG AMARA Holdings softlaunched its first resort development, Amara Sanctuary Resort, in Sentosa this week. Although Amara Sanctuary is located next to Genting International's Resorts World, Amara's chief executive officer Albert Teo says that the company does not fear competition from637 words
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1020 2007-05-02 5 SIOW LI SEN - Not all China firms shine; IT firms hit by chip, handphone price slump By SIOW LI SEN PROPERTY companies and real estate investment trusts (Reits), among the early birds to report first quarter 2007 earnings, have done very well amid strong demand. China1,020 words
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Page 4 Advertisements
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Advertisement18 2007-05-02 4 AN E-MARKETPLACE BROUGHT TO YOU BY CATS CLASSIFIED, SINGAPORE PRESS HOLDINGS. TO ADVERTISE, CALL 1800-289 9988 (OFFICE HOURS).18 words
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Page 5 Advertisements
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Advertisement115 2007-05-02 5 Andrew Road 8,600 sqf $9.xM Belmont Road 16,300 sqf $12.xM Binjai Pk 19,700 sqf $14.xM Bishopsgate 17,000 sqf $17.xM Bt Sedap 18,000 sqf $18.xM Cable Road 36,000 sqf $23.xM Chatsworth 19,000 sqf $18.xM Chee Hoon Ave 15,000 sqf $13.xM Cluny Hill 16,000 sqf $18.xM East Sussex Lane 15,100 sqf $15.xM115 words
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Advertisement408 2007-05-02 5 SINGAPORE'S MOST MODERN SPECIALIST CLINICS. J. f \V. J -Si. 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, Singapore408 words
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Page 6 Advertisements
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Advertisement392 2007-05-02 6 Eclipse: noun 7. Falling into obscurity or decline, 2. (To be greater or better than) top, best, exceed, excel, outdo, transcend, surpass, outstrip, overshadow, outshine. Innovate or be eclipsed. Step into IBM's world of innovation. For 13 years running, IBM has been the company with the most U.S. patents. Innovation392 words
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SINGAPORE NEWS
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Article, Illustration677 2007-05-02 7 NANDE KHIN - SG Private Banking to boost its global India business By NANDE KHIN THE rise of wealthy Indians means big business for SG Private Banking. The private wealth management arm of the Societe Generale (SG) group expects its global Indian business which is headquartered inYEN MENG JIIN - 677 words
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500 2007-05-02 7 ANNA TEO - Matter discussed at think-tank meeting last month, but no decision taken yet By ANNA TEO THE Institute of Policy Studies (IPS), which turns 20 this year, may mark the milestone with a major status change: it could become part of the Lee500 words
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Page 7 Advertisements
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Advertisement238 2007-05-02 7 Chevron ■nt m CHEVRON HOUSE Q jfjp L R jKT i Aviation and Shipping L M i altauM rti Caltex Singapore Retail m W i Commercial and Asphalt Li,, I.i.ui..j I Gas and New Power Generation Human Resources and Administration j Refining j Supply and Trading J '"—win! MWI" 'ii238 words
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MALAYSIA/INDONESIA
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267 2007-05-02 8 Reuters [KUALA LUMPUR] Malaysia's dominant power firm, Tenaga Nasional Bhd, has agreed to sell its Indonesian coal mine, marking its departure from the coal-min-ing sector in the neighbouring country, the firm said on Monday. Tenaga said in a statement TNB Coal International Bhd's subsidiary,Reuters - 267 words
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Article, Illustration340 2007-05-02 8 Net profit reaches almost 3 trillion rupiah despite competition Reuters [JAKAßTA] Indonesia's largest mobile phone operator, PT Telekomunikasi Selular Tbk (Telkomsel), reported yesterday an 8 per cent rise in first-quarter net profit, driven by a rise in subscriber numbers. Indonesia's largest telecommunicationsReuters; BLOOMBERG - 340 words
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214 2007-05-02 8 AFP [JAKARTA] Two South Korean companies signed an agreement with an Indonesian state firm on Monday to build a railway line in Borneo in a deal worth US$1 billion, a report here said. South Korea's Posco and Canatect Ltd signed a memorandumAFP - 214 words
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Article, Illustration337 2007-05-02 8 JV with Jakarta on 1,200-ha site will have homes, hotels Reuters Bloomberg [DUBAI] Emaar Properties, the largest Arab real estate developer by market value, said on Monday it plans to develop a leisure and residential project in Indonesia at cost of US$6OO million.Reuters; Bloomberg - 337 words
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249 2007-05-02 8 AFP [KUALA LUMPUR] Malaysian Prime Minister Abdullah Ahmad Badawi yesterday urged the country's workforce to be more competitive and move towards a knowledge-based economy, in comments marking May Day. Mr Abdullah said Malaysia's ability to compete in the face of increasing regional competitionAFP - 249 words
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Page 8 Advertisements
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Advertisement657 2007-05-02 8 II ißttlß fl| 9 'IB?/"'- ■i* n«pi jk mumh r~> vr" LlraKcUffflfcß Mni>s IX/i*lmmJ A f» im l* Mr *P.<»;« .Ig*'..*»t&'Jr*F,.*me 3*T"f TP?/ vi&i S^dj Introducing Jubilee Series 3 Link Earner Notes. Credit-linked to 5 world-renowned banks, your investment is sound whilst offering attractive returns. Investment begins in minimum amounts657 words
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Advertisement172 2007-05-02 8 FOR SALE BY TENDER FAIRWAYS g Freehold Land, approx. 13,613.3 sq m Plot ratio 2.1, up to 24 storeys v wbject Possible to amalgamate state land rSff Close proximity to Vivo City Sentosa IR OoWLWcs Opposite Keppel Golf Club new MRT V*** ""n® -1 80% owner's consensus obtained Labrador pHBBE172 words
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FOCUS: ACCOUNTING METHODS
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Article, Illustration1418 2007-05-02 9 LYNNLEY BROWNING - New Century may have used gain on sale to hide losses as the subprime market faltered, say analysts By LYNNLEY BROWNING NYT IN the spring of 1998, the chief financial officer of New Century Financial, a lender to home buyers with blemishedNYT; REUTERS - 1,418 words
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Page 9 Advertisements
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Advertisement2 2007-05-02 9 ,;.■> <iiI■ aTEBVfftldisHiirikMi/32 words
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FOCUS: CONSTRUCTION
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Article, Illustration1755 2007-05-02 10 GARY RIVLIN - With 151,000 rooms and still counting, America's gambling capital is in the midst of another big building boom By GARY RIVLIN NYT STEPHEN Wynn, the hotel and gambling impresario, still remembers the first time he was asked if he and otherNYT; BLOOMBERG; AP - 1,755 words
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GREATER CHINA
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Article, Illustration706 2007-05-02 11 Top Chinese artist just wants his work kept, appreciated AFP [BEIJING] The soaring demand and skyrocketing prices for Chinese art on world markets have caught many observers flat-footed, none more so than the man at the centre of the phenomenon. "IAFP - 706 words
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284 2007-05-02 11 Reuters [SINGAPORE] The Shanghai stock exchange is in talks with HSBC and other high-profile foreign firms to list their shares in mainland China, as part of its strategy to revive the recently moribund bourse, The Financial Times reported yesterday. The exchange hasReuters - 284 words
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450 2007-05-02 11 Growth in casino sector attracting property investors AFP [MACAU] The Manhattan, a high-rise complex a stone's throw from Macau's glitzy new casino district, is something of a rarity as it prepares to throw open its doors to well-heeled residents this month. For aAFP - 450 words
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381 2007-05-02 11 It could be biggest IPO for a Chinese Net company, valuing it at over US$4b NYT [SHANGHAI] Alibaba.com, China's leading e-commerce company, is planning to go public later this year in what could be the biggest initial public offering ever for a ChineseNYT - 381 words
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Page 11 Advertisements
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Advertisement441 2007-05-02 11 and benefits BANK OF CHINA < "<>NO kono Based in Hong Kong Bank of China (Hong Kong) is a leading commercial banking group in Hong Kong in terms of assets and customer deposits. With approximately 290 jH branches, more than 400 ATMs and other delivery channels in Hong Kong. BOCHK441 words
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ECONOMY WATCH
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359 2007-05-02 12 AFP [WASHINGTON] China and Russia are among the worst global offenders in failing to crack down on rampant piracy of US patents and copyrights, an annual US government report charged on Monday. The annual scorecard, known as the Special 301 report for theAFP - 359 words
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605 2007-05-02 12 ANTHONY ROWLEY - Yen 'carry trades' and other activities seen as potentially destabilising By ANTHONY ROWLEY in Tokyo JAPAN'S Financial Services Agency (FSA) said yesterday that it will tighten monitoring of hedge funds operating in the country, in response to growing concerns that their activities could destabilise605 words
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Article, Illustration518 2007-05-02 12 Reuters Bloomberg (CARACAS] Venezuela will withdraw from the Wash-ington-based lending organisations, the International Monetary Fund (IMF) and the World Bank, in a symbolic move that distances leftist President Hugo Chavez from much of the international economic community. Mr Chavez, who plans to createReuters; Bloomberg; REUTERS - 518 words
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Page 12 Advertisements
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Advertisement115 2007-05-02 12 B-|^l 0 Diners Club Card A Wort Jof Exclusive Privileges Treats Diners Club <&™*-com*g International' jl i .asf,S I Rivenicfa Indwwtion Restaurant I 7 ..> 30 Merchant Road, #01-04 Riverside Point I fcfc {50m from Clarke Quay MRT Exit B) fc Website www rrverside com sg I Business hours 12noon-115 words
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Advertisement45 2007-05-02 12 Am* iKj Answer: ME l PCFNOS GARDr.N THE LEGENDSA* FORT CANNING PARK 11 Canning Walk Singapore *****1 Tel: 6333 9979 www.legendafortcanning.com I Bacchus Boathouse Waterboat House #03-01, Tel: 6538 9038 10% off total bill Only when you charge to your Diners Club Card. T&C Apply.45 words
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Advertisement37 2007-05-02 12 Lounge jl Casa Mediterranea Restaurant and Bar 83 Duxton Road (inside Beijaya Hotel), Tel: 6221 8485 15% off total bill with a minimum spending of $30 Only when you charge to your Diners Club Card. T&C Apply.37 words
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INDIA
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601 2007-05-02 13 SIDDHARTH SRIVASTAVA - US$30b investment likely in 5-7 years as foreign giants enter the market: report By By SIDDHARTH SRIVASTAVA in New Delhi SHOPPING in India is galloping into the 21st century and is likely to generate US$43O billion a year up from601 words
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Article, Illustration834 2007-05-02 13 Reuters [MUMBAI] Ajay Arora has dreafmed of owning an Ambassador car ever since he backed his father's into the garage wall when he was eight years old. Earlier this month, Mr Arora bought one of his own, white like theReuters; REUTERS - 834 words
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Article246 2007-05-02 13 Bloomberg [NEW DELHI] The Employees' Provident Fund Organisation, India's biggest pension fund, posted a 7 per cent increase in assets in the nine months ended Dec 31, 2006, Labour Minister Oscar Fernandes said. Assets managed by the pension fund rose to 967.7 billion rupeesBloomberg - 246 words
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423 2007-05-02 13 Great scope for Syariah-compliant investments: study Economic Times [MUMBAI] The Indian stock market may have been likened to a casino and a den of vice by some, but Shariq Nisar begs to differ. According to Mr Nisar, an economist and expert inEconomic Times - 423 words
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405 2007-05-02 13 Government checks preference shares route [NEW DELHI] India's Finance Ministry yesterday clamped down on India Inc's plans for raising foreign money through preference shares, according to a Business Standard report. The Department of Economic Affairs announced that beginning May 1, all foreign investment405 words
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Page 13 Advertisements
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Advertisement983 2007-05-02 13 j) IN THE MATTER OF THE COMPANIES ACT, CAP. 50 PURSUANT TO SECTION 290(2)|b) and IN THE MATTER OF GEORGE'S STEAK A RIBS PTE. LTD. (Company No: *****1601R) (In Members' Voluntary Winding Up) By way of Shor»KoJd«n Written Resolution dated 30th April 2007 the Sp#ciol Resolutions set out below war*983 words
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MIDDLE EAST
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664 2007-05-02 14 Asian ministers may also ask Opec to reverse output cuts to help lower prices Reuters [DUBAI] Saudi Arabia and other Gulf producers will seek to reassure Asian consumers over supply when they meet today for informal talks just days after RiyadhReuters - 664 words
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299 2007-05-02 14 Bloomberg [Dubai] Dubai International Capital, a buyout company owned by the emirate's ruling sheikh, agreed to buy Mauser from a unit of JPMorgan Chase Co to gain a European packaging maker that plans to expand into Asia. The sale values Mauser at 850Bloomberg - 299 words
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Article, Illustration305 2007-05-02 14 LATWP [DUBAI] This Westernfriendly tourism boomtown is building its own version of a Hollywood backlot using a familiar name. Tatweer, a United Arab Emirates developer, announced plans to develop a US$2.2 billion theme park called "Universal City Dubailand" under a licensing agreement with NBCLATWP; BLOOMBERG - 305 words
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400 2007-05-02 14 Saudi mining firm Ma'aden will hold 51% stake in JV Reuters [MONTREAL] Canada's Alcan will develop a US$7 billion project to build, with Saudi Arabian mining company Ma'aden, what would be one of the largest integrated aluminium-making operations in the world. Alcan, theReuters - 400 words
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Page 14 Advertisements
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Advertisement1360 2007-05-02 14 PT BERLIAN LAJU TANKER Tbk ®t, (The "Company") Domiciled in Jakarta, Indonesia Business Line: Seaborne Transportation Services Head Office: Wisma BSG, 10th Floor Jl. Abdul Muis No. 40, Jakarta ***** Indonesia Tel. (021) *****300 Fax. (021) *****390, *****88 homepage: http://www.blt.co.id e-mail: investor@blt.co.id NOTICE TO THE ANNUAL GENERAL MEETING OF SHAREHOLDERS1,360 words
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ASIA-PACIFIC/WORLD
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263 2007-05-02 15 Reuters [BANGKOK] About 1,500 amendments and objections raised by Chinese officials risk bogging down UN talks on fighting climate change, a senior delegate at the meeting here said. Scientists and government officials from more than 100 countries are reviewing a 24-page draft summary forReuters - 263 words
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Article, Illustration725 2007-05-02 15 Washington cites Bangkok's move to locally license US patented drugs By OUR CORRESPONDENT in Bangkok THAILAND'S insistence on licensing locally made versions of various drugs has led to the United Staes putting the country back on its "Priority Watch List" relating toREUTERS - 725 words
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Article, Illustration522 2007-05-02 15 [EDINBURGH] Tony Blair yesterday endorsed long-standing Finance Minister Gordon Brown as Britain's next leader and said he would announce next week when he was stepping aside as prime minister. Ten years after the landslide election win that swept Labour to power, Mr Blair522 words
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Article, Illustration435 2007-05-02 15 AFP AP [LONDON] John Browne, chief executive of British energy giant BP, unexpectedly resigned yesterday after a newspaper group won a legal battle to publish details of his relationship with another man. Mr Browne (right) had been due to retireAFP; AP - 435 words
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495 2007-05-02 15 March data signals property slump may persist Bloomberg Reuters AP [WASHINGTON! An index of pending sales of existing homes in the US unexpectedly fell to the lowest level in four years in March, signalling the real-estate slump may linger as prospective buyersBloomberg; Reuters; AP - 495 words
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370 2007-05-02 15 Reuters [SAN FRANCISCO] Global microchip sales rose one per cent in March, reversing three straight months of declines but coming up short of expectations for the year so far due to falling prices, the Semiconductor Industry Association said on Monday. March sales wereReuters - 370 words
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Page 15 Advertisements
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Advertisement741 2007-05-02 15 CATS NOTICES THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MKC INVESTMENT PTE LTD CO REG NO: *****0838 C MEMBERS' VOLUNTARY WINDING UP At an Extraordinary General Meeting of MKC Investment Pie ltd convened and held at 4 Nim Drive Singapore *****8 on 25 April 2007, the following741 words
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Advertisement30 2007-05-02 15 n^TiTi Lianhe Zaobao m I impact I I I I on I I S'pore flrms I with I I businesses I I there I I *■«—M¥ I I ifiinttEfcjlkttra&tf? I30 words
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WORLD
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Article, Illustration76 2007-05-02 16 [LONDON] British supermodel Kate Moss (right) wearing a creation from her new clothing range in a window of the Topshop store in Oxford Street on Monday. Her first Kate Moss Topshop fashion collection was officially launched at billionaire Philip Green's 225 UK Topshop stores yesterday.Reuters; Bloomberg; REUTERS - 76 words
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696 2007-05-02 16 German bourse seals US$2.8b deal with 2nd-largest US options exchange AP [NEW YORK] With stock options trading now one of the world's fastest growing markets, Deutsche Boerse's pact to buy International Securities Exchange Holdings (ISE) for US$2.B billion could lead toAP - 696 words
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396 2007-05-02 16 Unfriendly bids could create problems for financial stability: official Reuters [FRANKFURT] A hostile takeover of a major German bank would pose potential dangers for financial stability, the Deutsche Bundesbank's top official responsible for banking supervision said. Edgar Meister, who stepped down from the Bundesbank's boardReuters - 396 words
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446 2007-05-02 16 TAKEOVER OF ABN AMRO Bloomberg Reuters [AMSTERDAM] ABN Amro Holding has asked a group led by Royal Bank of Scotland Group (RBS) for details on its proposed offer for the largest Dutch bank. Royal Bank, Santander Central Hispano and Fortis saidBloomberg; Reuters - 446 words
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306 2007-05-02 16 Bloomberg [ROME] Italy's largest oil company Eni has agreed to buy Dominion Resources' exploration and production properties in the Gulf of Mexico for US$4.B billion. The purchase will boost Eni's production in the Gulf to 110,000 barrels of oil equivalent aBloomberg - 306 words
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Article, Illustration659 2007-05-02 16 Bank of America, RBS want LaSalle to grow in US Midwest NYT [NEW YORK] Like deep-dish pizza, the Cubs and a mayor named Daley, LaSalle Bank has long been a Chicago institution. But until a few weeks ago, few would have calledNYT; AP - 659 words
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Page 16 Advertisements
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MOTORING
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Article, Illustration589 2007-05-02 17 SAMUEL EE - New Sprinter van to be launched tomorrow is exceptionally versatile. SAMUEL EE reports SAMUEL EE SALES of the Merce-des-Benz Sprinter are expected to treble following the launch tomorrow of a new model with a wider range of variants. The new Sprinter589 words
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Article, Illustration527 2007-05-02 17 SAMUEL EE - By SAMUEL EE TWO China car brands is enough for Singapore and the group behind the Chery and Hafei marques here says it will look towards Europe next if the opportunity to expand its business arises. Last July, Vertex Automobile Pte Ltd launched527 words
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Page 17 Advertisements
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Advertisement138 2007-05-02 17 Of course, you can go on to buy a bigger SUV. But would tnfet b correct? With the Terios 1.5 L Crossover, j|Bp you can be more socially responsible. Up till now, most SUVs are large, thirsty behemoths that Pfrjl^TißT|Y|^ seldom leave the paved roads. They give their drivers extra138 words
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Advertisement39 2007-05-02 17 YOUR CHOICE ftTOTJUNMBfT STATION Radio 100.3 is managed by SPH Unionworks, a subsidiary of MP Singapore Press Holdings I i "tii W cM aj Radio 91.3 is managed by SPH Union works, a subsidiary Of MV Singapore Press Holdings39 words
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AVIATION/SHIPPING
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Article, Illustration481 2007-05-02 18 Airlines can now fly from any EU city to any US city, and vice versa Reuters [WASHINGTON] The United States and the European Union signed a landmark air services agreement on Monday, opening up transatlantic markets to more competition beginning next year.Reuters - 481 words
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251 2007-05-02 18 Bloomberg [NEW YORK] Rates to transport crude oil in the Caribbean basin rose on fewer available ships following two days of no change last week. Bruce Kahler, a shipbroker at Lone Star, RS Platou in Houston, said on April 27 that thereBloomberg - 251 words
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412 2007-05-02 18 AFP [ATLANTA] Delta Air Lines said on Monday that it has emerged from bankruptcy protection, after a 19month reorganisation to help get past the long crisis in the US airline industry. "This is a great day in Delta's history a day that would notAFP - 412 words
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447 2007-05-02 19 Indonesia's largest coal transporter banks on increase in power plants Bloomberg [JAKARTA] PT Arpeni Pratama Ocean Line, Indonesia's largest coal transporter, plans to spend as much as US$35O million to buy ships, as construction of power plants boosts demand for the fuel in South-eastBloomberg - 447 words
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Article, Illustration454 2007-05-02 19 Reuters [ROME] Texas Pacific Group (TPG) and partners have earmarked 5 billion euros (5510.4 billion) to buy Alitalia, Italian newspaper La Stampa reported on Monday while Russia reiterated support for a rival bid from Aeroflot. The newspaper reported on Monday that TPG and itsReuters; BLOOMBERG - 454 words
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234 2007-05-02 19 Reuters [HOUSTON] The container shipping sector is expected to face strong challenges in the next two to three years as ship supply overwhelms demand, the head of the world's second-largest container shipping company said on Monday. "Shipping rates are pressured by the highReuters - 234 words
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Article543 2007-05-02 19 cm HMIT IT* MH If »-»m 51H5B noo TO 88 TO Bii ***** 0740 ammm jg__ n n |i 31"" HI i 'S L kngkok J j j ■ara»l»— ■WM* asr ~M 1388 '"KH~8li H!l "OT I® mm mm MfiM* mi SU S.p CotwnhMcn ***** 0510543 words
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342 2007-05-02 19 Reuters [KARACHI] Pakistan on Monday inaugurated a new container security project for exports to the United States, which officials said would reduce the risk of terrorism and increase the flow of trade between the two countries. They said the InternationalReuters - 342 words
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Page 18 Advertisements
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Advertisement3 2007-05-02 18 RELIABLE. RESOURCEFUL. RESPONSIVE3 words
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Page 18 Miscellaneous
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Miscellaneous220 2007-05-02 18 CRYPTIC CROSSWORD plenty (4) jU DOWN 1 Eleven, being free, take in 1C ing the dough (12) Across: 1 Piscina sBy turns 9ln work and mate a packet (8) 5 A trial spin? (5) black and whites 10 Twin 11 An)Piit i in with thp flow) <;hon Soft cr Y220 words
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Page 19 Advertisements
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Advertisement270 2007-05-02 19 SOUTH EAST ASIA AND SOUTH ASIA AUSTRALIA TRADE FACILITATION AGREEMENT NOTICE TO TRADE BUNKER ADJUSTMENT FACTOR (BAF) Arising from the regular review of bunker prices, the following Lines in the South East Asia and South Asia Australia Trade Facilitation Agreement wish to inform the trade that with effect from 1270 words
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Advertisement98 2007-05-02 19 II Ship Registration International Ship Registries (ISR) provides fast efficient service for registration licensing of wfi ships under various flags. I Ship Classification International Ship Classification (IS Class) is an independent organization providing classification vy services for newbuildings existing vessels as well as statutory surveys certification on behalf of flag98 words
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EDITORIAL & OPINION
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Article525 2007-05-02 20 EDITORIAL DIPLOMACY seems to have taken on new importance for Japan under Prime Minister Shinzo Abe and it is in this arena, rather than in domestic politics, that he is demonstrating leadership. Mr Abe has made relationship-boosting overtures towards China and South Korea and alliance-boosting efforts in525 words
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Article, Illustration931 2007-05-02 20 NEIL CHATTERJEE - Decades-old maritime border disputes in the region stand in the way of energy exploration By NEIL CHATTERJEE HIGH oil prices and dwindling output may not be enough to get Asian governments to resolve decades-old maritime border disputes any time soon.FILE PHOTO - 931 words
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Article, Illustration807 2007-05-02 20 NEIL BEHRMANN - THE BOTTOM LINE NEIL BEHRMANN London Correspondent FOUR years ago, Warren Buffett warned that the surge in derivatives trade was an investment "time bomb". Despite his warnings, the derivatives market has exploded. Several scares, including the hedge fund Amaranth's losses of almost807 words
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Article, Illustration1275 2007-05-02 21 TONY PUA - It has less to do with fertile plantations and rich mineral resources, and more to do with investing in human capital By TONY PUA AS AN economics enthusiast, I've often been asked: "What determines the size of an economy?" Is it dependent on rubber andFILE PHOTO - 1,275 words
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Article, Illustration818 2007-05-02 21 STEVE JAMES - By STEVE JAMES Reuters TWO US mining giants won battles over their reputations recently in the industry's balancing act between profits and sensitivity to the environment and communities in developing countries. Newmont Mining Corp and a senior executive were acquitted of criminalReuters; AP - 818 words
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Article4959 2007-05-02 22 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS In USS %dy Syr dy yr *dy *yr Apr 30 lnd«x Chang« Change Change Change Change Change World Index Preliminary 1161.0 0.0 5.5 0.2 5.8 0.0 6.8 EAFE Preliminary 1167.6 0.2 5.4 0.2 6.7 0.1 7.8 Europe Prefiminaiv4,959 words
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Article, Illustration1070 2007-05-02 27 PHILIPPA HUCKLE - MONEY MATTERS Portfolios need sufficiently different elements that are able to keep the ball in play when the going is tough PHILIPPA HUCKLE VOLATILITY is similar to bouncing on a trampoline to get higher into the air, you need to jump harder forcing1,070 words
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962 2007-05-02 27 TONY DOLPHIN - As the world continues to see strong output growth and while global supply increases just as rapidly, risk is turning towards the prospect of prices falling, writes TONY DOLPHIN TONY DOLPHIN THE world economy is experiencing an extraordinary spell of strong output962 words
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Article, Illustration1570 2007-05-02 28 GENEVIEVE CUA - Two financial advisers work on structuring portfolios for retirement, and the results involve more risk than you might think. GENEVIEVE CUA reports GENEVIEVE CUA Managing your funds in retirement should be a breeze, right? After all, there should be less drain on your expensesSource: ipac Singapore - 1,570 words
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Advertisement10 2007-05-02 28 MONEY MATTERS Sometimes, you just have to carry them PG2710 words
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