The Business Times, 4 April 2006

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Total Pages: 32
1 32 The Business Times
  • 13 1 THE BUSINESS TIMES singaporT^T^' MICA (P) 099/03/2006 Tuesday, April 4,2006 online at http://business-times.asial.com.sg
    13 words
  • 674 1  -  Analysts see modest gain in latest flash estimate as reflecting an uneven market By ARTHUR SIM [SINGAPORE] Flash estimates suggest the residential private property price index rose 1.5 per cent in the first quarter of this year to its highest level in five
    Source:  -  674 words
  • 73 1 [SINGAPORE] The Ministry of Trade and Industry will release the advance estimates of Singapore's first-quarter economic growth on Monday morning on its website (http://www.mti.gov.sg). The results —based on the first two months' data —will also be Available at the website of the Department
    73 words
  • 723 1 The protests must stop and he must be able to satisfy Thais who voted for him By OUR CORRESPONDENT in Bangkok THAI Prime Minister Thaksin Shinawatra last night said that he would be willing to leave office if it would help resolve the differences
    AFP  -  723 words
  • Page 1 Advertisements
    • 71 1 PAP candidates QUARTERLY REPORTING McKinsey study debunks several myths PG3 PROPERTY Lippoputsintop bid for OCBC site: sources PG2 The next big thing? The latest buzz Singapore property circles is the collective ROLEX -•liTir--f®pT ID THE HOURGLASS TAKASHIMAYA S.C. TEL: 6734 2420 RAFFLES MOTFl ARCADE TEL: 6334 3241 I UCKY IM.AZA
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    • 12 1 SME SPOTLIGHT BarterXchange goes global PGI4 8 HI Markets Digest Pg 1
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  • TOP STORIES
    • 534 2  -  $730-740 psf ppr bid works out to $325-$330 million By KALPANA RASHIWALA [SINGAPORE] The tender for Over-sea-Chinese Banking Corporation's freehold residential site at Kim Seng Road has closed on March 30 with a top bid of about $730-740 per square foot
      534 words
    • 550 2 Study debunks myths about quarterly reporting FREQUENT earnings guidance such as quarterly reporting—actually offers companies fewer benefits than they would expect, says a study by management consulting firm McKinsey Co. Instead, researchers recommend that companies substitute it with "thoughtful disclosures" about their long-range strategy and business fundamentals. TOP
      550 words
    • 535 2  -  M'sian official sees no problem since it is not running bank By EDDIE TOH [SINGAPORE] Malaysia is set to give the green light to Temasek Holdings' bigger foothold in the country following its emergence as the largest shareholder in UKlisted Standard Chartered
      535 words
    • 122 2 Reuters AP [BANGKOK] Thai Prime Minister Thaksin Shinawatra settling down in a studio of Thai Television Channel 11 before a talk show last night, where he spoke about the country's general election. His party won Sunday's polls, but there was a large number of protest abstention votes.
      Reuters; AP  -  122 words
    • 572 2  -  By DANIEL BUENAS [SINGAPORE] Bankruptcies look set to fall again, with the number of writs of summons filed against individuals and companies last year dropping almost 7 per cent from 2004. And the decline was across most sectors, indicating a general economic improvement.
      572 words
    • 627 3  -  Moves include adding people from the private sector By CONRAD RAJ (SINGAPORE] The government plans to make changes to the Legal Services Commission (LSC) and the Legal Service Personnel Management System to make them more responsive and innovative in the changing legal landscape. Radical
      FILE PHOTO  -  627 words
    • 137 3 STI 2,548.68 (+15.28) ST INDEX FUTURES 2,545.00 (+16.00) SIMSCI 302.29 (+1.53) SIMSCI FUTURES 301.00 (+1.70) MARKETS Monday Change KLSECOMP 928.23 +1.60 NIKKEI 225 17,333.31 +273.65 HANG SENG 16,063.75 +258.71 SET INDEX 738.67 +5.42 JAKARTA COMP 1,329.31 +6.34 MANILA COMP 2,189.77 -6.18 SEOUL COMP 1,379.75 +20.15 SHENZHEN B 267.20
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    • 581 3  -  Global survey by McKinsey also points to the real costs to companies By MICHELLE QUAH [SINGAPORE] Frequent earnings guidance, such as quarterly reporting, actually offers companies fewer benefits than they would expect, says a study by management consulting firm McKinsey Co. Instead, researchers
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  • Page 3 Advertisements
    • 67 3 "The Citigroup Private Bank" is a business of Citibank N.A. or Citiqroup Inc., which provides its clients access to a broad array of products and services available through bank and non-bank affiliates. Not all services and products provided by all affiliates are available at all locations. For more information, contact
      67 words

  • COMPANY NEWS
    • 460 4  -  He earned between $8.2smand $8.5 m last year, according to UOB report By LESLIE YEE UNITKD Overseas Bank (UOB) chairman and chief executive Wee Cho Yaw was the highest paid of local banking heads last year, earning between $8.25 million and
      460 words
    • 497 4  -  Possibility of $44m more; SembLog changes AGM date By CONRAD RAJ SEMBCORP Industries (SembCorp) completed the sale of its 60.01 per cent stake in SembCorp Logistics yesterday and received almost $750 million in cash. And there is a chance of another $44 million
      FILE PHOTO  -  497 words
    • 705 4  -  HOCK LOCK SIEW By VEN SREENIVASAN THE market, which has been watching A-Sonic's steady acquisition of troubled mainboard-listed air logistics player Air Ocean Group, seems to be pleased with the aviation component specialist's latest venture in China. The stock has
      705 words
    • 515 5  -  Company has also bought into its second Indon oil/gas project By RONNIE LIM UK exploration and production firm Salamander Energy, which recently set up its South-east Asian base in Singapore, could seek a listing on the Singapore Exchange by year-end, CEO James Menzies
      515 words
    • 442 5 Bloomberg THAI Beverage pel, Thailand's largest brewer, plans a US$l billion initial share sale in Singapore after antialcohol protesters blocked an offering back home last year, three bankers involved in the sale said. Thai Beverage, owned by Charoen Sirivadhanabhakdi, Thailand's richest person, is
      Bloomberg  -  442 words
    • 372 5  -  By DONALD URQUHART [SINGAPORE] India's largest owner of liquefied natural gas (LPG) vessel tonnage, Varun Shipping Company, said yesterday it has lodged a preliminary prospectus with the Monetary Authority of Singapore (MAS) for a secondary listing on the Singapore Exchange (SGX) main board. Mumbai-listed
      372 words
    • COMPANY BRIEFS
      • 55 5 TELEDATA (Singapore), which is a communications network specialist and a systems integrator, has completed its capital reduction exercise. Teledata now has an issued capital of $7.2 million comprising 481.5 million shares. The company had recently announced a $68 million reverse takeover of British Virgin Islands-incorporated investment
        55 words
      • 82 5 ASJ Holdings has appointed Tan Cheng Wah, 45. as its new chief executive officer to replace Jamie Ang, who resigned yesterday. Mr Tan's appointment took effect yesterday. Prior to this present appointment, Mr Tan was with British Oxygen Company. ASJ has also appointed Ling Chek Leh
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      • 69 5 HEALTH Management International (HMI) proposes to raise additional capital through a private placement of 57 million new shares at 9.5 cents each. The expected net proceeds of about $5.11 million will be used to finance its wholly owned subsidiary, HMI Holdings, to promote its healthcare
        69 words
    • 533 6  -  It will pay a coupon quarterly of 4% for the S$ note, 5.5% for US$ note By GENEVIEVE CUA IN its first foray into the retail investment market in Singapore, Lehman Brothers yesterday launched a credit-linked note giving investors a bond-like instrument with a pick-up
      533 words
    • 195 6 Reuters CELESTIAL NutriFoods Ltd, one of the largest soy-bean-based food producers in China, expects net profit growth to slow this year due to capacity constraints, an executive said yesterday. "Our profit growth for 2006 will not be lower than 30 per cent. Growth
      Reuters  -  195 words
    • 250 6 ONE of two people accused of falsifying accounts in the Citiraya Industries corruption scandal pleaded guilty yesterday in the Subordinate Court. Tan Liang Chye, a director of Alvertex Pte Ltd, was charged last September with 53 counts of falsifying the accounts
      250 words
    • 167 6 Bernama [KUALA LUMPUR] Malaysia's OSK Securities Bhd has purchased a 51 per cent stake in Singapore's DMG Partners Securities Pte Ltd after obtaining the necessary approvals from the relevant authorities in both countries. The purchase will further enhance OSK's entry into the regional markets and
      Bernama  -  167 words
    • 5659 6 UNIT TRUSTS FUNDS ACMGI Amer mcon* B US» ACMGI Amer Income A EUR 7.0® ACMGI Amer Income B EUR 1M ARM Amro Asset Mgt (S pore) ACMGI Eirop Income Opp AT SGO Utt Star Ei*ope Eqty> 0 9» ACMGI Europ Income Opp BT SGO 14 92j Stai Eaope Bond .15#
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    • 205 7 Reuters [BANGKOK] Advanced Info Service PCL, Thailand's top mobile phone firm, said yesterday it had launched a new promotion in a count-er-attack against rivals, intensifying a new price war. The one-month campaign, which offers twobaht (S$0.08) per hour air time for new pre-paid
      Reuters  -  205 words
    • 309 7  -  Deal follows recent acquisition of stake in Italian alloy wheel specialist By AMIT ROY CHOUDHURY YHI International has been appointed as a licensed manufacturer of alloy wheels for Japan's Enkei Corporation. This major win follows its recent acquisition of a 19.9 per cent
      FILE PHOTO  -  309 words
    • 497 7 Analysts say bottomline helped by strong mobile phone user growth Reuters [JAKARTA] Indonesia's largest telecoms firm, PT Telekomunikasi Indonesia Tbk (Telkom), is expected to report its fourth quarter net profit more than doubled on the back of strong mobile phone user growth, analysts said.
      Reuters  -  497 words
  • Page 4 Advertisements
    • 1101 4 i i J V :,-wsr-<C r r^v m y SINWA LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****6542H) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at 80 Raffles Place #25-01 UOB Plaza 1, Singapore
      1,101 words
    • 143 4 ki I J AI kl r^^H 3kll I 1 I'M -4 3 If J 11 |\VJ I mj 11k" Ik" I A leading global financial institution has embarked upon an ambitious growth initiative in Asia and wishes to hire successful professionals for the following regional roles. 1. Regional Treasurer: This
      143 words

  • Page 5 Advertisements
    • 1120 5 NOTICE IS HEREBY GIVEN that the 2006 Annual General Meeting of the shareholders of the Company will be held at 18 Cross Street Bth Floor Marsh McLennan Centre Singapore *****3 on Monday, 24 April 2006 at 3.00 p.m. to transact the following businesses: AS ORDINARY BUSINESS 1. To receive and
      1,120 words
    • 14 5 C F E swiss Swiss6tel The Stamford, Level 2, 2 Stamford Road, Singapore *****2
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  • Page 6 Advertisements
    • 31 6 if You can now use your CPF savings to invest in AllianzGI Global Allianz (jfi) Hiqh Payout Fund. Visit OCBC Bank for more details. ciobai investors w J company no *****7169Z
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  • Page 7 Advertisements
    • 967 7 A %AM SUNPOWER GROUP LTD. SUNPOWER GROUP LTD. (Incorporated in Bermuda with limited liability) NOTICE OF 2006 ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2006 Annual General Meeting of the Company will be held at Meeting Room 1 Basement 1, M Hotel, 81 Anson Road, Singapore *****8 on
      967 words
    • 1178 7 I'CNA CNA GROUP LTD. (Company Registration No. *****0449K) (Incorporated In the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Sixteenth Annual General Meeting of CNA Group Ltd. will be held at Straits Ballroom 2, Level 2, Hotel Rendezvous, 9 Bras Basah Road, Singapore *****9 on Thursday, 20 April 2006
      1,178 words

  • SINGAPORE MARKETS
    • 501 8  -  STOCKS Interest in technology stocks resurfaces while indifference towards China plays remains R SIVANITHY Senior Correspondent THANKS to strong finishes for Japan and Hong Kong, the Straits Times Index kicked off the second quarter 15.28 points higher at 2,548.68 yesterday, in a session
      Source: Bloomberg  -  501 words
    • 1020 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Apr 3 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy/ Shares Per Before jjftw Stock Pate Director Sell '000 Shr ('000) ('000) LafeTech 3-Apr-06 Ho Wing-On *Buy 2108 0.20 *****2 67.73 *****0 67.94 Lafe Tech 3-Apr-06 The Grande Grp
      1,020 words
    • Article, Illustration
      870 8  -  Compiled by MATTHEW PHAN Sarin Technologies AprH 3 dose: $1.10 CIMB-GK RESEARCH. April 3 Higher grade on better clarity. We believe Sarin's growth profile is gaining currency with investors. Coupled with strong fundamentals and the clarity of its growth trajectory on the back of the pipeline of new products,
      Source: Bloomberg  -  870 words
    • 483 8 CURRENCIES AFP [TOKYO] The dollar jumped to the highest level against the yen for almost three weeks yesterday after a surprise decline in confidence at big Japanese manufacturers, dealers said. The dollar rose almost one yen to 118.55 yen in Tokyo
      AFP; REUTERS  -  483 words

  • SINGAPORE NEWS
    • 542 9  -  Only other Asian city in top 10 is Kobe at No 5 after Aussie cities: poll By UMA SHANKARI HIGH living standards make Singapore the best place in the world for Asian expatriates to live, according to a survey on expatriate living
      542 words
    • SINGAPORE ROUNDUP
      • 47 9 THF National Wages Council has invited members of the public and organisations to give feedback by April 17 on how companies can move from a seniority-based wage system to a performance-based one, so as to enhance the employability of older workers.
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      • 64 9 MINISTER of State for Finance and Transport Lim Hwee Hua left yesterday for Cambodia to attend the 10th Asean Finance Ministers' Meetings to be hold today and tomorrow. According to Ministry of Finance yesterday, the meetings will focus on key plans like the Asean
        64 words
      • 29 9 TI1K Singapore T ourism Board has pronounced a success the seventh International Advisory Council for Tourism meeting that was held last week in Singapore.
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    • 446 9  -  By PAULINE NG in Kuala Lumpur ONLY some sticking points remain between Singapore drivers and the impending lqvy that Malaysia will impose on foreign-registered vehicles entering the country. The picture is expected to be clearer after the weekly Cabinet meeting tomorrow. What have
      ARTHUR LEE  -  446 words
    • 480 9  -  YESTERDAY IN PARLIAMENT Reports by CHUANG PECK MING MALAYSIA has no sovereign right to replace the Causeway linking it to Singapore with a half-bridge, Second Foreign Affairs Minister Raymond Lim said yesterday. "Any major work related to the Causeway on which also
      480 words
    • IN BRIEF
      • 138 9 A*STAR and Spring will have to take the cue from the Research, Innovation and Enterprise Council (RIEC), which will oversee the promotion of all aspects of research and development and innovation in Singapore. During the second reading of the National Research Fund Rill
        138 words
      • 109 9 THE five-year-old Electricity Act, which provides the legal framework governing the electricity market, has been adjusted to meet the changing demands of a more competitive market which could also see a new ownership structure of the transmission business that may affect the security and reliability of power
        109 words
      • 87 9 The Central Provident Fund Act has been tweaked to allow terminally-ill CPF members on a case by case basis to withdraw their CPF savings for medical and other needs. The CPF (Amendment) Bill also provides for a family member or committee of the person
        87 words
    • 681 10  -  3 announcements on candidates this week, says Lim Boon Heng Reports by MATTHEW PHAN THREE new candidates were unveiled by the People's Action Party (PAP) yesterday, as the party continued to pressure the opposition to show their hand. "The Prime Minister is
      681 words
    • 216 10 THE CEO of IE Singapore, Lee Yi Shyan, resigned on Sunday from the post he has occupied since October 2001. In the interim, IE has appointed deputy CEO Ted Tan as its acting CEO. The People's Action Party named Mr Lee as one of its
      216 words
    • 368 10  -  By ARTHUR SIM PLANS for the Housing and Development Board to clear its backlog of unsold flats by selling them through property agents have hit a snag. After a public tender for the job closed in December 2005 and HDB received
      368 words
  • Page 9 Advertisements
    • 14 9 Lianhe Zaobao [anar~~~ I iDelween I I riSnRMM I waaasses I I a&m® I
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    • 124 9 GIMY SHIP MANAGEMENT PTE ITB We invite suitably qualified Master Mariners or Chief Officers to apply for the following position(s): Working experience in Tanker operations, supervision of loading/discharging, safety audit etc., Knowledge of Charter Parties, laytime calculations and ability to independently liaise with Charterers, Agents, Terminals and Brokers on cargo
      124 words
    • 1151 9 STRACO CORPORATION LIMITED Registration Number *****3482R (Incorporated in the Republic of Singapore) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Amara Hotel Singapore, 165 Tanjong Pagar Road, Singapore *****9 on 20 April 2006 at 9.30 a.m. to
      1,151 words

  • Page 10 Advertisements
    • 2782 10 I W NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg 4* JISHAN HOLDINGS LIMITED (Company Registration No.: *****0591E) JBL NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Second Annual General Meeting of Jishan Holdings Limited (the "Company") will be held at 165 Tanjong Pagar Road, Amara Hotel. Level 3,
      2,782 words

  • Page 11 Advertisements
    • 2432 11 \/ni I IMTAPV rnMniTIOMAI PACU OFFER 43 None of the Relevant Persons has dealt in any Shares during the period commencing on 28 VUHJIM IMM T I*VSIVLSI I lUIMML V-r/AOn Urrtn October 2005, being the date falling three months prior to the date of the First Announcement, and ending on
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  • Page 12 Advertisements
    • 2421 12 SINGAPORE PETROLEUM COMPANY LIMITED H U (Co Reg No: *****0291N) (Incorporated in the Republic of Singapore) Notice of Annual General Meeting A member of the Company is entitled to appoint a proxy to attend the meeting and vote in his stead. A proxy need not be a member of the
      2,421 words

  • SME spotlight
    • 1005 13  -  Spring S'pore to promote awareness, organise activity on a larger scale, reports MATTHEW PHAN MATTHEW PHAN JASON Electronics stands out among small and medium enterprises (SMEs) not only has the provider of marine communication and navigational systems been awarded the SME 500 and Enterprise 50
      ARTHUR LEE  -  1,005 words
    • 361 13  -  Card gives SMEs benefits when used to pay power bills By NANDE KHIN TUAS Power Supply Pte Ltd, a wholly owned unit of Tuas Power Ltd, has tied up with United Overseas Bank (UOB) to offer a credit card aimed especially at small and
      361 words
    • 517 14  -  It launches trading system used by 50 foreign exchanges, reports UMA SHANKARI UMA SHANKARI BARTERXCHANGE, Singapore's only internationally recognised barter exchange, is going global. The company said it has launched a new versatile trading system eValues used by more than 50 barter exchanges worldwide. With
      FILE PHOTO  -  517 words
    • 402 14  -  By UMA SHANKARI WHILE franchising remains one of the best ways for small and medium-size enterprises (SMEs) to grow, it has its risks. But franchisers, who own the brand name, and franchisees, who market the franchise, can minimise these risks if they evaluate their partners
      FILE PHOTO  -  402 words
    • 357 14  -  By GRACE CHONG THE Global Manpower Professionals (GMP) Group aims to leverage on recruitment process outsourcing (RPO) to become a prominent provider of human capital solutions regionally. The local recruitment agency will make the most of its skills in the recruitment
      357 words
    • 362 15  -  By TEH HOOI LING THERE is no stemming the advance of small cap stocks in Singapore. The UOB Sesdaq Index gained 5 per cent in the five trading sessions to yesterday, its third consecutive week of ascent. Our portfolio also chalked up good gains, albeit less than
      362 words
    • 899 15  -  SMALL CAPS Boutique property developer eyes strategic tie-ups to take on overseas projects, reports NANDE KHIN NANDE KHIN ABETTER financial performance and tie-ups with strategic partners to tackle overseas projects these are what boutique property developer Soilbuild Group Holdings is looking forward to this year, according to
      899 words
  • Page 13 Advertisements
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  • Page 14 Advertisements
    • 1414 14 CHINA ENERSAVE LIMITED L^f Company Registration Number *****6776 D (Incorporated in the Republic of Singapore) riicncit/t lliCl\j/\V c NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at 200 Pandan Loop, #07-02 Pantech 21, Singapore *****8, on 27 April
      1,414 words


  • ECONOMY WATCH
    • 764 16 Reuters [SINGAPORE] It is a good time to be job-hunt-ing in Asia. The number of new jobs created in Singapore is at its highest since 1997, Taiwan's unemployment rate is at a five-year low, Thailand's is near record lows
      Reuters; REUTERS  -  764 words
    • 559 16 NYT [SHENZHEN] Persistent labour shortages at hundreds of Chinese factories have led experts to conclude that the economy is undergoing a profound change that will ripple through the global market for manufactured goods. The shortage of workers is pushing up wages and
      NYT  -  559 words
    • 476 16  -  Big manufacturers' confidence slips but Nikkei jumps 1.6% to fresh 5-year high By ANTHONY ROWLEY in Tokyo SENTIMENT among Japan's big manufacturers slipped unexpectedly in March, raising questions over economic recovery, the Bank of Japan's (BOJ's) latest quarterly business survey or tankan,
      476 words
  • Page 16 Advertisements
    • 185 16 Experience an irresistible brew of culture and cuisine at Si Chuan Dou Hua With the opening of a newly refurbished Si Chuan Dou Hua and its companion Tian Fu Teahouse, your gourmet outings will never he the same. This unique pairing combines the finest Chinese cuisine with a selection of
      185 words

  • MALAYSIA/INDONESIA
    • 664 17  -  Project will help to speed up reconstruction of tsunami-hit region By SHOEB KAGDA in Meulaboh SINGAPORE yesterday handed over the first capital project to be completed on the west coast of Aceh following the tsunami a $5.5 million pier that can accommodate ships
      BRYAN VAN DER DEEK/ST  -  664 words
    • 2360 17 VOL General Corp 0.59 -0.02 807 *1- COOP) Gerrting .24.00 0.20 779 George Kent 0.56 0.01 62 ASM Realty 1.37 unch 3 GHLSystems 0.25 0 04 ***** Ab 035 0 02 98 GlobetronicsTech 0.32 0.01 719 ACP Industries 1.10 0.09 2750 Glomac Bhd 1.23 unch 266 Advance Synergy
      2,360 words
    • BRIEFLY ASIA
      • 57 17 AP [BOMBAY] Indian shares hit another record yesterday with the Sensex soaring 284.4 points to 11,564.36 points on strong gains across the board. The 2.5 per cent rise in the benchmark index of the Bombay Stock Exchange was led by Reliance Industries and
        AP  -  57 words
      • 41 17 Reuters [HONG KONG] Top Asian oil refiner Sinopec Corp posted a 49 per cent rise in quarterly earnings yesterday after* US$l.2 billion one-off government payment and slipping crude prices helped to cushion refining losses. —Reuters
        Reuters  -  41 words
      • 41 17 Reuters [KUALA LUMPUR] A joint venture of Malaysia's Petronas Carigali Sdn Bhd and Shell Exploration and Production Malaysia BV yesterday said it had made another gas discovery off the north-east coast of peninsular Malaysia.
        Reuters  -  41 words
      • 48 17 [SHANGHAI] China's Datong Coal Mine Group Co Ltd, the country's second-largest coal producer by capacity, aims to list in Hong Kong through a HK$2 billion (*****.2 million) initial public offering by the end of 2006, its chairman said yesterday. —Reuters
        48 words
      • 45 17 Reuters Reuters [HONG KONG] Reuters yesterday announced it will be the official exclusive calculator and distributor of the benchmark spot US dollar/Hong Kong dollar fixing rate, owned and administrated by Treasury Markets Association. It will launch on April 6.
        Reuters  -  45 words
    • 264 17 Reuters [KUALA LUMPUR] The Malaysian distributor and assembler of Toyota cars, UMW Holdings Bhd, plans to raise dividends as demand for its small cars and a stronger local currency boost profits, the company said yesterday. UMW Holdings, which assembles Toyota Motor Corp cars from kits
      Reuters  -  264 words
  • Page 17 Advertisements
    • 1350 17 CHINA ENERSAVE LIMITED Company Registration Number *****6776 D (Incorporated in the Republic of Singapore) ENERSAVE NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eighth Annual General Meeting of the Company will be held at 200 Randan Loop #07-02 Pantech 21, Singapore *****8, on 27 April 2006 at
      1,350 words

  • GREATER CHINA
    • 545 18 Bank of China filed application for listing on HK bourse in Feb: sources Reuters. Bloomberg [HONG KONG] Investors in Bank of China's US$B billion IPO next month will also get a piece of the No 2 mainland lender's Hong
      Reuters.; Bloomberg  -  545 words
    • 398 18 Reuters [HONG KONG] Hong Kong stocks crossed the key 16,000 level for the first time since February 2001, helped by the property sector which also hit five-year highs. The benchmark Hang Seng index closed at 16,063.75, rising 1.64 per cent, while the
      Reuters; Source: Bloomberg  -  398 words
    • 339 18 Bloomberg [HONG KONG] Citic International Financial Holdings Ltd, controlled by China's biggest investment firm, plans to buy a stake in its parent's Beijing-based lender for HK55.54 billion (551.15 billion). The company, which has banking, asset management and investment bank
      Bloomberg  -  339 words
  • Page 18 Advertisements
    • 8 18 bS£\ IPMorgan Chase j miop Corporate Challenge* Kl^tHi|Vj|lM^l||TjjVlrf*V>jf|i
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      153 words

  • INDIA
    • 529 19  -  Maverick minister's ambitious overhaul catches attention of global investors By SIDDHARTH SRIVASTAVA in New Delhi THE Indian railway network, long known for abysmal service, poor financials and lax safety standards, is receiving unprecedented interest from some of the world's biggest asset managers, investment
      529 words
    • 519 19 Reuters [NEW DELHI] Voting began in India's restive Assam state yesterday, kicking off polls in five states being seen as the biggest electoral test of the Congress partyled federal alliance since it won power in May 2004. In Assam, located in India's north-east,
      Reuters; REUTERS  -  519 words
  • Page 19 Advertisements
    • 1680 19 :*at^ €0 NOTICFS JL X JL L-J Toll free. 1800-289-8822 Email: com sq IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF WEDDING CAFE (S) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) [Company Registration No. *****5171 N] NOTICE IS HEREBY GIVEN pursuant to Section 308 of
      1,680 words
    • 1042 19 okp holdings limited j (Company Registration No. *****1165G) (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Fourth Annual General Meeting of OKP HOLDINGS LIMITED wW be held at No. 6 Tagore Drive, #81-06 Tagore Industrial Building, Singapore *****3, on Thursday, 27 April 2006, at 12.00 p.m.
      1,042 words

  • ASIA-PACIFIC/WORLD
    • 639 20 Automakers have hard time while Google, Yahoo!, eBay make debut AP [NFW YORK] Skyrocketing energy prices propelled Exxon Mobil to the top of the 2006 Fortune 500 list, and consigned Wal-Mart Stores to the No 2 spot on the magazine's annual ranking of
      AP; AFP  -  639 words
    • 340 20 Reuters [NEW YORK] Communications equipment maker Alcatel's plan to buy Lucent Technologies gives it a broader product reach that may spur smaller rivals to merge or exit the market amid a difficult spending environment, analysts said on Sunday. The combined Alcatel- Lucent group
      Reuters  -  340 words
    • 391 20 LATEST US DATA Bloomberg [WASHINGTON! Construction spending in the US rose more than expected in February as homebuilding remained buoyant and companies spent more on hospitals and power plants. The 0.8 per cent rise in all construction spending to an annual rate of US$l.l9
      Bloomberg  -  391 words
    • 324 20 AFP. Bloomberg [WASHINGTON] Struggling US car maker General Motors Corp (GM) will sell its profitable finance arm, General Motors Acceptance Corp (GMAC), to private investors led by Cerberus Capital Management in a transaction valued at some US$l4 billion, GM announced yesterday. GM
      AFP.; Bloomberg  -  324 words
    • 534 20  -  By CHEAH UI-HOON ASIA is still attractive for the Paris-based vacation operator Club Mediterranee, which is looking for potential partners and exceptional locations to develop more of its "villages", or resorts. "At present, we're identifying potential partners or existing properties and projects in
      534 words
    • 433 21 Bloomberg [WASHINGTON] Mallory Factor, who is suing to abolish the US's auditing-oversight board, doesn't hide his real target: the 2002 law aimed at preventing accounting frauds like the ones that brought down Enron Corp and World Com Inc. The law,
      Bloomberg  -  433 words
    • 626 21 Berkshire insures buyers against drop in four major equity indexes Bloomberg [WASHINGTON] Warren Buffett, struggling to find acquisitions big enough to boost Berkshire Hathaway Inc's returns, is making a US$l4 billion bet on the global stock market. Berkshire sold a form of
      Bloomberg; REUTERS  -  626 words
    • 524 21 Reuters [TOKYO] Private equity firms struggling to find reasonably priced assets in Japan are increasingly settling for smaller stakes in companies pitting them against souped-up hedge funds in competition for deals. While buyout funds are usually loathe to invest without management control,
      Reuters; AP  -  524 words
    • 483 21 Bloomberg [TOKYO] Japan's public pension fund, the world's largest pool of retirement funds, will keep the allocation of investments about the same after Prime Minister Junichiro Koizumi gave the institution the freedom to make its own decisions. The Government Pension Investment Fund, which will
      Bloomberg  -  483 words
  • Page 20 Advertisements
    • 1083 20 Design STUDIO Design Studio Furniture Manufacturer Ltd (Incorporated in the Republic of Singapore) (Company Registered No. *****1553 D) NOTICE IS HEREBY GIVEN that the Annual General Meeting of DESIGN STUDIO FURNITURE MANUFACTURER LTD (the "Company") will be heid at the Registered Office, No. 8 Sungei Kadut Crescent Singapore *****2 on
      1,083 words

  • Page 21 Advertisements
    • 1395 21 CHINA FISHERY GROUP LIMITED (Incorporated in the Cayman Islands with Limited Liability) NOTICE IS HEREBY GIVEN that the Annual General Meeting of China Fishery Group Limited ("the Company") will be held at The Casuarina, Suite A, The Raffles Hotel, 1 Beach Road, Singapore *****3 on Tuesday, April 25, 2006 at
      1,395 words

  • AVIATION
    • 706 22 Emirates postpones date of delivery of 20 A340-600 jets it has on order AFP [PARIS] The four-engined Airbus A 340 long-haul airliner has been hit by the high price of jet fuel and is losing orders heavily to
      AFP; BLOOMBERG  -  706 words
    • LOG BOOK
      • 82 22 AFP [BANGKOK] Construction problems have pushed back the opening of Bangkok's new Suvarnabhumi Airport until the end of the year, a senior official said yesterday, further dimming Thailand's hopes of becoming South-east Asia's aviation hub. "We are not able to open Suvarnabhumi Airport... as
        AFP  -  82 words
      • 77 22 Reuters [BEIJING] China's Hainan Airlines has agreed to sell an 11 to 18 per cent stake in its proposed Grand China Air expansion for up to US$lOO million, Xinhua reported on Sunday. The buyer, Pan-American Aviation Holdings Ltd, would become the second-largest investor
        Reuters  -  77 words
      • 106 22 AP [KUALA LUMPUR] Malaysian police have detained a passenger who forced the evacuation of an Air Asia flight by claiming there was a bomb on board in a belated April Fool's prank, a report said yesterday. The incident happened on Sunday at Senai airport
        AP  -  106 words
    • 458 22 Shanghai, Xi'an, Tianjin and Zhuhai are in the running Bloomberg whether to proceed with the plant will be made by the middle of 2006, he added. Airbus is considering building a plant for assembling A 320 planes in China to bolster sales
      Bloomberg  -  458 words
    • 2107 22 orr www m war tip D hi QW626 1255 QR627 1920 MMl LM9771 1750 AF8088 2215 D fc- EK344 0045 EK344 0200 ***** 1750 8A7382 2215 NZ4355 0735 EK405 0210 AF8087 1850 QF82 2215 SQ493 0735 EK433 0325 8A7381 1850 LH9770 2345 EK404 1405 EK3S2 2225
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  • Page 22 Advertisements
    • 83 22 BT/ZUJI Deals of the Week W Hl BUSINESS (from ECONOMY (from S) HOTEL (from S) London $2,950 $998 j $141 Thai Airways British Airways Hanoi $538 (Vietnam Airlines) $185 (Vietnan Airlmes) $130 Sunny Bangkok $600 (Thai Airways) $145 (Swtss International) $50 > Rain Rome $2,700 (Thai Airways) $850 (Air France)
      83 words
  • Page 22 Miscellaneous
    • 195 22 CRYPTIC CROSSWORD 24 Beer, prisoner brought back the whole lot inside (6) 6 Turn over cover on desk (4-3) YESTERDAY'S SOLUTION 25 Put film in camera for at least 1 From which to see the capi- Across: 1 Cart, 3 Coming over 8 the second time (6) tal? (6,3) Dry
      195 words

  • SHIPPING
    • 514 23  -  Piracy cover may soon move into war policy, resulting in higher premiums By DONALD URQUHART [SINGAPORE] The world's largest tanker industry group expressed "massive frustration" at the continued war and terror risk rating applied to the Malacca Strait by London insurers, warning of
      AP FILE PHOTO  -  514 words
    • 305 23 Bloom berg [HONG KONG] China Shipping Development Co, the nation's biggest oil carrier, shelved a plan to sell shares in a new company specialising in hauling coal and other dry-bulk cargo, citing "market conditions". The company and its biggest shareholder,
      Bloom berg  -  305 words
    • 194 23 Reuters [HANOI] The Vietnam Ocean Shipping Agency (Vosa), a major firm in the country's shipping sector, has raised 167 billion dong (Ssl7 million) by selling 38.6 per cent of its shares at an initial public offering, the country's bourse said. The Ho Chi
      Reuters  -  194 words
    • 406 23  -  Lines switch to monthly levy adjustments By DONALD URQUHART [SINGAPORE] Container shipping lines operating on the transpacific trade lane from Asia to North America, including Singapore's Neptune Orient Line (NOL), have announced their first monthly bunker and inland fuel surcharge as they shift from quarterly adjustments.
      406 words
    • 303 23 SGX '000 Apr 3 SS Vol CH Offshore 0.41 unch 1340 Chuan Hup .0.36 0.01 2983 Cosco Corporation 1.22 -0.01 4817 CWT Distribution 113 0.01 94 Ezra Hldgs 2.59 0.02 381 Freight Links 0.06 unch 973 Grand Banks Yacht 0.87 -001 5 Java Holdings 1.32 0.01 89 K1
      303 words
    • 450 23 Bloomberg [HONG KONG] Daewoo Shipbuilding Marine Engineering Co, the world's second-largest shipbuilder, said it has received two orders valued at 750.5 billion won (Ssl.3 billion) to build gas and oil tankers. Daewoo will build three 320,000 ton very large crude carrier, or VLCC,
      Bloomberg  -  450 words
    • 318 23 Bloomberg [HONG KONG] China Merchants Holdings (International) Co, a state-con-trolled port operator, posted a record profit in 2005 after it handled more cargo because of the nation's expanding trade. Net income rose 15 per cent to HK52.36 billion (*****.6 million), or HK$l.O7
      Bloomberg; BLOOMBERG  -  318 words
  • Page 23 Advertisements
    • 505 23 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF CITIRAYA (SINGAPORE) PTE LTD (In Judicial Management) 1 i (Company Registration No. *****6353K NOTICE OF JUtMCIAL MANAGER TO CREDITORS OF FIRST MEETING Notice is hereby given that
      505 words

  • EDITORIAL & OPINION
    • 544 24 EDITORIAL THOSE who want China to revalue the yuan substantially should remember the maxim: "Be careful what you wish for, because you might just get it." They might, in effect, shoot themselves in the foot. There is a great deal riding on China's continued economic prosperity
      544 words
    • 1004 24  -  Indonesia must implement economic measures, and introduce legal reforms and sanctions By THANG D NGUYEN ON THE surface, it looks like Indonesia is doing all the right things to attract foreign direct investment (FDI). In January 2005, shortly after President Susilo
      AFP  -  1,004 words
    • 728 24  -  THE BOTTOM LINE WILLIAM PESEK JR THE World Bank's latest take on East Asia is both wonderful and terrible. First, the wonderful part. The Washington-based institution raised its 2006 growth forecast for East Asia excluding Japan and the Indian sub-continent to 6.6
      728 words
    • 1568 25  -  Washington looks set to enact a piece of protectionist legislation before the mid-term elections in November STEPHEN ROACH THE US Congress is working overtime on protectionism. So is the White House, as evidenced by its first effort to join with the EU in filing a complaint
      AFP  -  1,568 words
    • 878 25  -  By DANIEL GROSS NYT IN THE United States and Europe, there has been a curious disconnect in recent years between the performance of the corporate sector and the performance of the overall economy. For example, median incomes for American workers have barely
      NYT; AFP  -  878 words


  • 11205 26 SGX MAINBOARD Transaction date: Apr 3 u 5 i W k l!L last Vol Day last Quote GrOiv Div GfYW Net MCap High tow Code Company Sale COOP) High Low Buyer s«>tef Cw P/E tmii 5 1 5716 1st Software 5c 1.5 unch 768 2 1.5 1.S 2
    11,205 words
  • Page 26 Advertisements
    • 35 26 Trade from 20% deposit (6 x leverage) on most stocks Go long or short Competitive financing isles hi sH markets Access to Astet, US, Euro stocks Setsct Exchange TVaded Funds and Indices Competitive Commtaakm charges
      35 words

  • 5974 27 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES talaalWT IS tm IKS *jr *dy %|i %yr Ma>31 >ndg» Chang* Oung« Chang* Outq» OnnQ« Owng> The World lnde» Preliminary ***** 01 5.8 OS 34 04 63 »IA/E Preliminary ***** OJ 7.6 0.8 S3 <38 88 Europe Preliminary 1392 8 -05 81 -1.0
    5,974 words

  • Page 28 Advertisements
    • 1303 28 ■wgwfcagjf" V .*i J 1 1 NYK GROUP SOUTH ASIA PTE LTD \JJ2i fipßj rv> wjt TEL:6295 0123 T Jl^uis^.m lME Fax:6292 2856(Regionalsales)/6239 7109(OPS)/6299 5785(Documentation) NIPPON YUSEN KAISHA TOKYO KM>AKU KASHA. 00. (C/R NO: **********0E) UK CONTINENT SERVICE 11.5.A SERVICE Destination Destination NASSAU PARADISE RDM/ATW/BMN/TLB/NAN STX PO TBN VCB/VCW/LAX/MZL Loads
      1,303 words
    • 728 28 IIMTHtASIA KOKO SMVICi VBSa/VOT RAMPffT) HBGHIW) IHG KCH LQ I SM I JKT snurrs venture m/m is 3.2 04/04 m/m 20/04 23/04 25/04 STUITS VEMTURE 07/0* IS 3.2 27/04 30/04 04/0S 07/05 W/05 STRAITS VEKTUM 01/Ot IS 3.2 I l/OS 15/05 18/05 21/05 23/05 IAUfWAIIAN KOKO tOtVKM 1 VBSa/VOT RAMPQCT)
      728 words

  • Page 29 Advertisements
    • 1129 29 WAN HAI INTERNATIONAL PIE LID a MO: 144WM0000/R V\n\WAN HAI LINES V V naT1L(03)3344ttt1M1:t03)*****2ttnN111:<04)*****00F*1:04|2296«99 JOHIH: (07) *****23 HUL (07J2S1W2IU HL Ml) 329J475 FAX: 1031) 32*1714/ *****05 i www.wanhai.coin.sg *tm.-(021)5254imhu1(021)52m/mpimi* 7iuoo/;it3ii fail *****9 ■11H: (061) 4157M3 FAI: (061) *****25/*****09 WEEKLY EXPRESS SERVICE TO AND FROM muMsmmm CALLING SINGAPORE EVERY THURSDAY CALLING
      1,129 words
    • 196 29 TP** P. T. DJAKARTA LLOYD (PERSERO) ll© AUSTRALIA FULL CONTAINER SERVICE As Agents Starship Agencies (MAL) Pte Lid Operator Code: DJ CR NO. **********QH vst Ivor SM m m m stp m aw MtERUtEM 031S 09/04 11/04 21/84 23/04 25/04 20/04 ANEESWIT 0245 16/04 18/04 24/04 30/04 02/05 OS/OS APT
      196 words
    • 2012 29 VESSEL VOY SIN JKT MIP PUS VESSEL VOY SIN JKT SUB HKG USN PUS HANJIN SEOUL 030QW 7/4 9/4 IS/4 11/4 KMTC KEELUNG »04S "vT 11/4 13/4 Is/T 72/4 23/4 HAWJIWKWAWGYAWG 0272f 14/4 14/4 22/4 21/4 KMTC PUSAH iOSS "u/T 19/4 20/4 2S/4 29/4 30/4 VESSEL VOY SIN MSA JtA
      2,012 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 5301 30 This ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Oest'n Name Name Number Number SIN Desfn Name Name Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoire SfSSJ* 1 <^ek|) ang 4 88S 63mm° 12/04 22/05 China Shpg CMA CGM
      5,301 words
  • Page 30 Advertisements
    • 306 30 VtSStL VOY SIN PCU SIN *T P«C »*ND* 1702N ***** ***** PACMNTAN 9J4S M 704 n704 csf 2301 0260P ;657® 5770 MUU 55T3 TS7W TS7W w f*HD* IZQ3N p4 Wm PKIIHTAN TOS TS7W IJ7W PA( iANDA 1704N M/ 64 fli/W PAtiAll 4314 ***** M/M VESSEL VOY SIN PKU VKStI VOY
      306 words
    • 267 30 VESStI VOY I PKL 1 SIN KARACHI PXB BAB NHS DMM BIK KHOR IRAN KO* DC STAN PCI 8129 01/04 03/04 12/04 15/04 16/04 22/04 2S/04 28/04 IRAN SHAHRYAR PCI 8130 11/04 12/04 21/04 24/04 25/04 30/04 02/05 05/05 IRAN BAABAII PCI «131 18/04 19/04 28/04 01/05 02/05 08/05 11/05
      267 words
    • 112 30 i BSA JL MYANMA ■H FIVE STAR UNE (Myomiiar National Line) Loading for Yangon VESSEL VOY SIN PKL PIN PGU CHIN SHWE HAW 90W SLO PAGAN 349W SU) IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KUI/PKL 03-*****3 M PEN: 04-*****1S MKKBk. ACCEPTING CONVENTIONAL C6O VESSEL VOY HKG SM PKL MARK STAR M
      112 words

  • PROPERTY
    • 897 31  -  LESLIE CHUA considers some of the challenges Singapore Reits face in their pursuit of growth LESLIE CHUA INVESTORS here have enthusiastically embraced real estate investments trusts, or Reits, which made their appearance in 2002. But going forward, Reits players from managers to investors may face some challenges.
      Source: Jones Laeng  -  897 words
    • 1133 32  -  Collective exchange gives owners an instant upgrade, but it is not without problems, writes KALPANA RASHIWALA KALPANA RASHIWALA A VARIATION of the popular collective sale called the collective exchange has been in the news lately. First the owners of Paterson Lodge concluded
      FILE PHOTOS  -  1,133 words
  • Page 31 Advertisements
    • 20 31 S I H f o M Ha l, Cafe/Restaurant 41_ Nordic European Centre j£g. f I Tel: (65)6890-6688 >"■■ www.nordic-european.com 1
      20 words
    • 230 31 Existing 3-storey apt block with pool Land 152,250 sf/Rectangular 999 r LH. GPR 1 5 storeys Within Ikm to Nanyang Primary an d Raffles Girls Primary Quiet, overlooking landed estate Victofta Pk pTi Bch j*V Potential for 100 x 2,000 sf apts x "s!!™!* Q^n Closing on 18 Apr '06
      230 words
    • 1603 31 Prime Residential Redevelopment Site in District 15 St Patrick's View St Patrick's Road tMt w Site area: 7,*****q m (83,013 sq ft) MP 1958 1980 Equivalent **££9 Plot Ratio of 1.372 jV •MP 2003 -Plot Ratio of 1.4 (K%) Within Ikm to CHIj (Katong) C msS t MWP im Primary,
      1,603 words

  • Page 32 Advertisements
    • 170 32 IB L-= PRIME FREEHOLD HP U9 RESIDENTIAL LAND AT CAIRNHILL POTENTIAL FOR 200 LUXURIOUS UNITS /I 7 Parcel Site Area Plot Ratio I ca, B hh,lu 1 O O y rn O y/ w'-4 Z V y\a fjjL L 1 1 6,253.1 sqm 4.59 «ssw t -i- Si 2 4,631.8
      170 words
    • 276 32 r -MB} iCAtir 1 AT BALMORAL PARK p ~TI •Landsize:4l,36osqft(approx) 1 I L Option to combine with adjoining plots 11 J?l%) f •Option to outright sale or exchange of units [/f Jp? Plot Ratio: 1.6; up to 12 storeys Prestigious address within District 10 A •5 minutes drive from Orchard
      276 words
    • 24 32 Joining forces? Announce the good news. Call 1800 289 8822 or email notices@sph.com.sg to book your corporate notice in our newspapers now. WATS^&ij NOTICES
      24 words