The Business Times, 15 June 2006

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Total Pages: 34
1 34 The Business Times
  • 16 1 THE BUSINESS TIMES Thursday, June 15,2006 pfrtnne at http://business-times.asia 1 .com.sg MICA (P) 099/03/2006 SING)ftQgEjSS cents^
    16 words
  • 868 1  -  Analysts say that Airbus may end up paying up to US$2.5b in compensation for delays By GEORGE JOSEPH [SINGAPORE] Airbus is again delaying the delivery of its A3BO, the world's largest passenger plane. And analysts estimate it may end up paying some US$2.5 billion
    REUTERS  -  868 words
  • 134 1 sn 2.280.67 (-12.68) ST INDEX FUTURES 2,282.00 (-13.00) SIMSCI 271.72 (-1.03) SIMSCI FUTURES 270.80 (-2.40) MARKETS Wednesday Change KLSE COMP 893.23 -10.40 NIKKEI 225 14,309.56 +90.% HANG SENG 15,247.92 +13.50 SET INDEX 646.69 -23.72 JAKARTA COMP 1,234.20 2.37 MANILA COMP 2,067 -53.29 SEOULCOMP 1,221.73 +17.87 SHENZHEN B 273.77
    134 words
  • 406 1 Move follows Creative's complaint to Int'l Trade Commission Reuters [NEW YORK] The US International Trade Commission (ITC) has launched a probe into whether Apple Computer Inc's iPod digital music player infringes on a Creative Technology Ltd patent, Creative said yesterday. The latest
    Reuters  -  406 words
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  • TOP STORIES
    • 806 2  -  Need to invest in each other's success, reinforce ties more: PM Lee Reports by NANDE KHIN in Canberra RELATIONS between Singapore and Australia are at their strongest but the two countries should not take this for granted, Prime Minister Lee Hsien Loong said yesterday on
      STEPHANIE YEOW / ST  -  806 words
    • 319 2 "ssrus, 1 SCIENTISTS front Singapore and Australia are to cooperate on finding ways of treating diseases that affect many millions of people around the world. Singapore's Agency for Science, Technology Research (A*Star) yesterday signed a research collaboration agreement with the Australian National
      FILE PHOTO  -  319 words
    • 456 2 Goldman-led group ups ABP bid to £2.48b AN international financial consortium indnriiijflffingftpore's Government Investment Corp has clinched Britain's largest port group. Associated British Ports (AfiP>fer £2.48 billion billion) after sweetening its original bid. TOP STORIES, PAGE 3 Gold rebounds from steep slide GOLD rose yesterday, rebounding from the
      456 words
    • 500 2  -  By UMA SHANKARI [SINGAPORE] Trouble seems to be afoot at tour operator Ananda Travel. Sources told BT that the company has seen mass resignations among its staff and one possible reason given for the enmasse quitting is that employees supposedly have
      500 words
    • 564 3  -  No other counter proposals so far; deal completion expected in Aug By DONALD URQUHART [SINGAPORE] An international financial consortium including the Government of Singapore Investment Corporation (GIC) is to take over Britain's largest ports group, Associated British Ports, for £2.48 billion (557.29 billion)
      564 words
    • 465 3 [LONDON] Gold rose yesterday, rebounding from the biggest slide in 23 years, as a declining dollar renewed speculation that investors will buy the metal as an alternative to US stocks and bonds. A gain for gold yesterday would be the first in more than a
      BLOOMBERG  -  465 words
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  • Page 3 Advertisements
    • 355 3 THE COMPANIES ACT, CAP.-50 ENSELLER TRADING PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) (CO. REGN. NO: *****4528W) FINAL MEETING NOTICE IS HEREBY GIVEN THAT the Final Meeting of the Members of the abovenamed Company will be held at 36 Pioneer Road Singapore *****4 on the 15th day of July 2006 at
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    • 125 3 THE HOURGLASS Contemporary Horological Art H BIG BANG H 14 J0 4 7 ">v I VjLiS/S o y > V f HUBLOT GENEVE :lfc 3 S.> t|it M* S*S j* ft 1 S (J i I A H 7 (N I i: F R A t THE HOURGLASS SINGAPORE MALAYSIA
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  • COMPANY NEWS
    • 740 4  -  HOCK LOCK SIEW By DONALD URQUHART IN A year of exciting developments in the shipping industry, Monday's announcement by Neptune Orient Lines (NOL) that group president and CEO David Lim will leave by year-end promises another tantalising instalment. Although surprising, rumours had been
      740 words
    • 336 4  -  Freight rates there 20% higher than on Taiwan-China trade By DONALD URQUHART DRY bulk carrier Courage Marine Group yesterday announced its intention of diversifying away from its current focus on Asia to tap the booming Middle East infrastructure market. Freight rates in the Middle
      336 words
    • 5675 4 UNIT TRUSTS FUNDS ACMGI Amer Income B USO 8.42/ ACMGI Amer Income A EUR 6.71/ ACMGI Ami Income B EUR 171/ AIM Aaro Atnt Mgt (S pen) ACMGI Euop Income Opp AT SGD 15.05/ Star Etxope Eqty OK* ACMGI Euop Income Opp BT SGD 15i» Star Europe Bond 1.17V ACMGI
      5,675 words
    • 713 6  -  CAD called in to probe irregularities on suspicion of securities breach at HK-based company By MICHELLE QUAH THE Singapore Exchange has suspended the trading of shares in scandal-hit Daka Designs and called in the Commercial Affairs Department (CAD) to conduct investigations into reported irregularities
      713 words
    • 295 6  -  She pays $20.3m; Mr Kwek's sister buys unit for $4.6m By ARTHUR SIM ST REGIS Residences has got the thumbs-up from none other than the wife of City Developments Ltd executive chairman Kwek Leng Beng, Cecilia Kwek, who has bought two
      295 words
    • 525 6  -  By MATTHEW PHAN MAINBOARD-listed Design Studio Furniture Manufacturer has bagged $60 million worth of contracts to furnish high-end residential projects in Dubai, Las Vegas, and Singapore, which CEO Bernard Lim believes will help the languishing firm return to the black this financial
      YEN MING JIIN  -  525 words
    • 295 6  -  US$100m deal lets company expand fishing grounds By UMA SHANKARI CHINA Fishery has entered into share purchase agreements with several parties in Peru, which effectively gives it full ownership of three Peruvian companies for US$lOO million. The three companies Alexandra SAC, Pesquera
      295 words
    • 379 6  -  By UMA SHANKARI SHARES of luxury resorts operator Banyan Tree Holdings plunged 12.4 per cent in their first day of trading on the Singapore Exchange mainboard against a backdrop of falls in global equities. The stock ended 12 cents down at its day's low
      379 words
    • 260 6  - Warrant trading game winner is a woman again By R SIVANITHY WHEN it comes to trading warrants, clearly women have the edge. Although 82 per cent of participants in Deutsche Bank's latest warrant trading game were male, the top prize winner was female, making it the third game in a
      260 words
    • 523 11  -  Exit will stem 3 years of losses; company holds on to stake in US medical IT firm By UMA SHANKARI S SESDAQ-LISTED Futuristic Group plans to sell its core store fixtures and interior fit-out business, and look for new businesses to acquire. The
      523 words
    • COMPANY BRIEFS
      • 51 11 SINGAPORE Land said that it has sold a unit in One Amber to an associate of its director for $998,000. The unit was sold to Goh Kim Pah Foundation an associate of SingLand's director Antonio L Go which exercised an option to purchase the
        51 words
      • 52 11 TRANSVIEW Holdings said that its profit for the half year ended April 30, 2006 has increased marginally by 3 per cent to $862,000 from $840,000. The company's total revenue also climbed 8 per cent to $15.95 million, up from $14.72 million in the previous
        52 words
      • 67 11 ECOW1SE Holdings achieved a net profit of $754,000 for the six months ended April 30, 2006, against a net loss of $933,000 in the previous corresponding half-year. Six-month turnover rose 123 per cent to $6.35 million. The improvement was mainly due to the increase
        67 words
      • 30 11 INTEGRA2000 has entered into a conditional agreement with TL Associates to sell its stake in its US subsidiary I2K Holdings for US$5.9 million to TL.
        30 words
      • 48 11 OCBC Securities Philippines, Inc said on June 8 that at a special meeting, shareholders passed a resolution for the voluntary dissolution of the company, a wholly-owned dormant subsidiary of Oversea-Chinese Banking Corporation Ltd. This is part of the ongoing rationalisation of the group.
        48 words
    • 484 11  -  Consortium to provide consultancy services to hospital By CRYSTAL NEO KEPPEL Facilities Management and Operations Pte Ltd (KFMO), part of diversified Keppel Corp, will head a consortium to provide facilities management, healthcare and hospital management and consultancy as well as healthcare personnel training services
      484 words
    • 236 11 Reuters CHINA-BASED property developer Yanlord Land Group raised about $369.4 million after pricing its IPO at the bottom of an indicated range amid volatile market conditions, financial industry sources said yesterday. Yanlord, which focuses on high-end housing projects in major cities in China, had
      Reuters  -  236 words

  • Page 5 Advertisements
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  • Page 6 Advertisements
    • 730 6 SembCorp y Industries SEMBCORP INDUSTRIES LTD (Incorporated in the Republic of Singapore) Company Registration No. *****2418 D NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the members of SembCorp Industries Ltd (the "Company") will be held at The Theatrette, 60 Admiralty Road West,
      730 words

  • Page 7 Advertisements
    • 33 7 Proudly built by PPL SHIPYARD PTE LTD PPL Shipyard Pte Ltd, 21 Pandan Road Singapore *****3 Tel: (65) 6265 0477 Fax: (65) *****130 Email: corporate@ppl.com.sg •Website: www.ppl.com.sg SembCorp A Subsidiary of Marine »o»ooi
      33 words

  • SINGAPORE MARKETS
    • 554 8  -  STOCKS STI's swings reflect a lack of conviction about where the next big move will be R SIVANITHY Senior Correspondent AFTER the drubbing suffered by local stocks over the past few weeks, an uneasy peace descended on the local stock market yesterday, during which
      Source: Bloomberg  -  554 words
    • 1002 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Jun 14 and earlier) Subsantial Mo of Price SHAREHOLDING Trans Shareholder/ Buy I Shares Per Before After Stock Pate Director Sell 000 Shr S 000) 000) Lifebrandz 14-Jun-06 Clement Lee Shieh-Peen ST ***** na 100 0.02 ***** 9.82 Lifebrandz 14-Jun-06 Lee
      1,002 words
    • Article, Illustration
      1022 8  -  Compiled by UMA SHANKARI Hong Leong Asia Jmm 14 dose: $1.32 CITKSROW RESEARCH, Jane 13 Shares down 23 per cent from midMay: We upgrade to "buy" from "sell", as valuations have become more attractive while the earnings outlook remains positive. Hong Leong Asia's (HLA) share price has fallen
      Source: Bloomberg  -  1,022 words
    • 442 8 SURRENCIES Reuters [NEW YORK] The US dollar extended losses yesterday after a higher-than-expected reading of US inflation for May did little to dispel uncertainty about interest rate increases beyond an expected hike in late June. After seven consecutive sessions of gains in the US
      Reuters; REUTERS  -  442 words

  • Page 9 Advertisements
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  • STOCK FOCUS
    • 1175 10  -  Merger of PCB tester Advance SCT and scrap metal recycler Green World should have fairy tale ending, says R SIVANITHY R SIVANITHY Marriage is a risky business. First, you have to find a suitable partner, preferably someone reasonably attractive and who shares similar tastes.
      1,175 words
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  • Page 11 Advertisements
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  • SINGAPORE INTERNATIONAL
    • 2211 12 S'pore firms should explore this Chinese province, a special investment region which has much to offer investors COMPANIES from Singapore seeking success in China would be well advised to investigate the big opportunities that beckon in the eastern coastal province of Shandong. Booming Shandong with 92.5
      2,211 words
  • Page 12 Advertisements
    • 32 12 to details and registration, please visit www.ieslngapore.com or contact: Zainah Zainal, ICT Division. +65 6433 4775 tel. ICT Capability Development Seminar Series 360° View of Internationalisation it Singapore Helping Singapore enterprises internationalise
      32 words
    • 28 12 ENTERPRISE THE BUSINESS TIMES SINGAPORE Singapore SngppowlrHwwflonriba wifcly. niwiMfocm>d>wt«»broufl)M to you by E Singapore and IhtßurinWllmas. IE Skipport ban ofTrad* and lndu*y having 9ng*tan antirprtMi tqport and Internstkxiall*.
      28 words

  • S'PORE ARTS FESTIVAL
    • 501 13  -  GAMARJOBAT By BYRNA SIM THEY are known to leave their audiences around the world doubled up in laughter, thanks to their humorous performances. But when it comes to answering questions, Ketch! and Hiropon the two funny men that make up Gamarjobat are somewhat reserved. This could
      501 words
    • 532 13  -  HOTEL MODERN By AARON LYE YOU don't need a huge Hollywood budget to depict the horrors of war, that is, if you subscribe to the Hotel Modern philosophy. All you'd need are a few beans, some parsley and a bit of plasticine. The
      532 words
    • 493 13  -  AL KASABA THEATRE CINEMATHEQUE By PARVATHI NAYAR THE Wall, presented by A 1 Kasaba Theatre Cinematheque at the Drama Centre on Tuesday, offers rare glimpses into the daily lives of the Palestinians who live in the shadow of a war and of a
      493 words
  • Page 13 Advertisements
    • 38 13 FTTHDBB^hbhbhppii I I FOR SALE BY s \rSS** TENDER s| 6/A/B 8/A/BI •Freehold: 5583 sq ft Lorong 19 "Residential: 2.8 Geylang 'Presently 3 storey, up to 7 storey m' c—» A INVESTMENT: Dillon Loi LLB(Hons) *****204 ■H OO
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  • SINGAPORE NEWS
    • 396 14  -  By MATTHEW PHAN THE Straits Times yesterday unveiled a new platform that represents its latest attempt to reach out to readers on the web. Stomp or the Straits Times Online Mobile Print, (http://www.stomp, com.sg/) contains several features such as star blogs and platforms for feedback
      WANG HUI FEN/ST  -  396 words
    • 496 14  -  It also calls for 5 yr moratorium on the use of predictive genetic info Reports by CHEN HUIFEN THE Bioethics Advisory Committee (BAC) has assured that no personal information data generated from biomedical research will be available to third parties not even
      496 words
    • 349 14 HBMLETT Packard and the Aglty for Science, Technology and Research (A Star) will be jointly investing $30 million over the next three years to set up a HP Shared Services Platform Laboratory in Singapore. The lab will employ 30 researchers and allow HP
      349 words
    • 514 14  -  By RONNIE LIM SINGAPORE'S move to open up its gas market spurred Island Power to invest $1 billion in a new power station on Jurong Island, said managing director Michael Reading. "We've had numerous and enough discussions with the authorities here, including the
      514 words
    • SINGAPORE ROUNDUP
      • 31 14 DR LEE Boon Yang, Minister for Information, Communications and the Arts, is attending the World Economic Forum on East Asia today and tomorrow in Tokyo
        31 words
      • 67 14 SINGAPORE has recognised the independence of the Republic of Montenegro, with Foreign Minister George Yeo yesterday sending his good wishes to his counterpart, foreign minister Miodrag Vlahovic, and saying that Singapore would be working to establish diplomatic ties with the new state. Montenegro declared independence
        67 words
      • 86 14 THE six taxi operators' associations have backed the Land Transport Authority's decision to raise taxi drivers' age limit from 70 to 73. Robin Ng, president of City Cab Operators' Association, said that operators had been pushing for the change. "Many of
        86 words
      • 51 14 INTERNATIONAL Enterprise Singapore began its first Open House yesterday, with the theme Partners to Internationalisation. The two-day event, with more than 800 participants, follows agreements with organisations such as the Singapore International Chamber of Commerce and the Association of Small and Medium
        51 words
  • Page 14 Advertisements
    • 85 14 > jßf pMTioHnT > H&. V I jp H§| m Ik, jr -v#-- -Jw vfs- > «S& S-y <™ lIIWT 1 r tI V jm ■■l wk 'j&x^sSL I U^ 88 &aen^n(^ma|<e a BMn^^Wß^B jij>U W»« Strlfcee post. yoor stuff. Sneak a peek. Oscar's backl < Discover the stunnlno now
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  • ECONOMY WATCH
    • 550 15 High oil prices, flat real estate market, mounting debt dampen consumers Reuters [WASHINGTON] Another sharp decline in US stock markets on Tuesday fanned fears that consumers, already nervous about a cooling housing market, may abruptly curb their spending and dampen economic growth. "Any
      Reuters  -  550 words
    • 506 15 Production climbs 17.9% in May to record 706b yuan Bloomberg [BEIJING] China's industrial production rose the most in two years in May, reinforcing expectations the central bank will further restrict lending in the world's fastest-growing major economy. Output at factories, mines and power plants climbed
      Bloomberg; REUTERS  -  506 words
    • 346 15 Reuters [JAKARTA] Indonesia's central bank governor said yesterday the economy is improving and growth this year would be at the upper end of a range of 5.0-5.7 per cent Growth in South-east Asia's biggest economy is likely to pick up in the second
      Reuters  -  346 words
  • Page 15 Advertisements

  • WORLD CUP 2006
    • 505 16 AFP [LONDON] British bookies are rubbing their hands with glee at the prospect of their greatest ever World Cup victory, with only one disastrous possibility standing in their way: England winning the tournament. "Let's be clear: if England win the World Cup,
      AFP; AP  -  505 words
    • 513 16 AP [HAMELN, Germany] France's strikers play at the pinnacle of European club football Arsenal, Manchester United, Juventus, Lyon. Still, scoring a goal for their national team at a World Cup away from home is proving impossible. Following Tuesday's 0-0 draw against Switzerland,
      AP; AFP  -  513 words
    • 482 16 AFP [BERLIN] Ron&ldo's subdued display for Brazil against Croatia in the champion's World Cup opener has rekindled the debate about whether he is fit enough to keep his place in the lineup. Aside from one brief moment in Tuesday's match, when he moved forward
      AFP  -  482 words
  • Page 16 Advertisements
    • 637 16 Organised by The Business Times and Philips, it brings together 32 executives who have teamed up to help raise funds for Food from the Heart. Each executive has been assigned a team. And for every match the team plays, the executive will donate $1,000. ■j 7 "Ecuador surpassed all "Costa
      637 words

  • AVIATION
    • 413 17 US Trade Rep Susan Schwab says any such aid would undermine EU-US ties AFP [NEW YORK] Airbus is big and competitive enough to abandon state aid from governments in Europe, the chief executive of the European aircraft maker's US rival Boeing
      AFP  -  413 words
    • 1250 17 CITY FU6HT FT* FU6HT FTP IC859 0805 SQ408 1855 AbuDhabl 5Q455 11« «H56 1300 BS S liB Si'] g QB638 1345 Q«6» 0745 Ahnwfafcad 20T5 033 ill III! 11! If SQsfSI 1325 S***** 0755 W853 230C ??28 GU n9lhOU J l Jj l Hangzhou CA957 0f05
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    • 447 17 Bloomberg [TAIPEI] EVA Airways Corp, Taiwan's No 2 carrier, said it will buy 25 per cent of a cargo venture in China with Shanghai Airlines Co, following China Airlines in tapping growing trade in the world's fourthlargest economy. EVA Airways' board on Monday
      Bloomberg; FILE PHOTO  -  447 words
    • 331 17 Bloomberg [TAIPEI] Taiwan's government said it will allow six airlines each from the island and China to offer chartered passenger and cargo flights across the Taiwan Strait, skipping a stopover in Hong Kong or Macau. The government will be able to accept
      Bloomberg  -  331 words
    • 220 17 Bloomberg [LONDON] BAA Pic's London Stansted airport traffic growth will be cut by about 12 million passengers a year by 2030 as long as the company sticks to plans to triple airline charges, Jim Callaghan. a Ryanair Holdings pic executive, said.
      Bloomberg  -  220 words
    • 289 17 AP [SHANGHAI] Air China Ltd is planning an eight billion yuan (Ssl.6 billion) initial public offering (IPO) on the Shanghai Stock Exchange, the official Xinhua News Agency reported yesterday. The IPO is among many planned by major state companies following the end
      AP  -  289 words
  • Page 17 Miscellaneous
    • 270 17 CRYPTIC CROSSWORD 6 Corruption of god's taking PM It's on fire, possibly, consum- MLZJBIJBIJBL-J ing last of oxygen (7) j 1 Shrewd move by Conserva- ■■"""■■l tive leader 12 Group in pub kxk-in (4) 13 Generous applause by a few 15 Wild flower round end of garden (7) L-J--——L-Triumphant local
      270 words

  • SHIPPING
    • 360 18  -  First Ship buys 2 vessels from and leases them back to Indon carrier By DONALD URQUHART [SINGAPORE] Singaporebased ship finance company First Ship Lease (FSL) has announced a sale and leaseback transaction with Jakarta-based Berlian Laju Tanker (BLT). The German-controlled finance company is buying
      360 words
    • 287 18 sGxmmmm -im Jun 14 Ve< CH Offshore .0.33 -0.01 345 Chuan Hup ....0.31 unch 1348 Cotco Corporation 1.22 0.03 7221 CWT Distribution _1.17 -0.02 26 Ezra Hldgs 2.11 -0.03 584 Freight Links 0 06 unch 239 Grand Banks Yacht 0.88 unch 0 Java Holdings 128 unch 248 K1
      287 words
    • 286 18 It is raising funds to pay for US$4.4b HK port acquisition Bloomberg [SINGAPORE] PSA International has hired Morgan Stanley to arrange a bond sale, a banker involved in the deal said. PSA is expected to meet potential investors today and in Hong
      Bloomberg  -  286 words
    • 418 18 Vessel supply tight amid peak seasonal demand for oil [LONDON] The cost of shipping crude oil from the Middle East to Asia on two mil-lion-barrel tankers held at its highest in 15 weeks as bookings increase amid peak seasonal demand for
      FILE PHOTO  -  418 words
  • Page 18 Advertisements
    • 130 18 fl nCSIIAmiWE r«Iim«TNK BREAKING NEWS I BH] I Massive search for I J W, H I quake's survivors I M I 1 j fj 1/ f I I V/ I H I I I I I 17/ I 1 fi '1J gmmimim rro (i# «k» i Thii•eonomic yiowdhhits ifl H
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    • 29 18 Get a Leading Edge Your sailing schedules get wider attention in The Business Times shipping pages f Gill Bernard Ong at 6319-1645 or Michael Chng at 6319-2026 Shlpping Times
      29 words

  • LOGISTICS
    • 497 19 Courier firm DHL could then enter the picture and take strategic stake [KUALA LUMPUR] Transmile Group Bhd recently lost a bid to renew a contract with its biggest shareholder, Pos Malaysia Bhd, fuelling speculation that the postal operator wants to sell its shares
      497 words
    • 422 19 AFP [JIXI, China] China is preparing to remove the last of its old coal-powered steam locomotives from the nation's rail tracks, but high oil prices may give the trains an extra lease of life. Only several hundred steam locomotives ply railway tracks
      AFP  -  422 words
    • 189 19 Bloomberg [DUBAI] PWC Logistics, the Middle East's largest logistics company based in Kuwait, said that it has won a transportation contract with the US Army worth US$l.5 billion. The five-year contract renews an older agreement, PWC, which was formerly known as Public
      Bloomberg  -  189 words
  • Page 19 Advertisements
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  • EDITORIAL & OPINION
    • 564 20 EDITORIAL ONE of the biggest business stories during the last month has been the frantic sell-off in regional stock markets as well as emerging markets generally. The Tokyo market is down about 20 per cent from its early April peak; India's Sensex is down close to
      564 words
    • 716 20  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group IT is too early to say whether the recent declines in global stock markets signal anything out of the ordinary. Though large, they are hardly unprecedented. But the fact
      The Washington Post Writers Group  -  716 words
    • 541 21  -  Companies need a combination of financial and non-financial incentives By ANDREW GRANT AS CHINA'S growth continues, Chinese companies become globally competitive and multinationals move from market entry to making China a home market. Where will China's companies find the managers they need to
      AFP  -  541 words
    • 423 21  -  LETTERS TO THE EDITOR April Lee Vice-President Group Corporate Relations SembCorp Industries Ltd I REFER to the letter "S'pore companies need to speed up payout schedules" by G N Setty (BT, June 13), which referred to SembCorp Industries' proposed capital distribution. Our company would like to
      423 words
    • 301 21  -  Ricky Law PA Manager Asean DuPont Singapore YOUR newspaper ran a report (adapted from New York Times) in the June 10-11 edition headlined "Which pan will rule the kitchen?" We would like to share a number of facts. In her article. Ms Marian Burros is
      301 words
    • 162 21  -  Denis Distant Singapore I REFER to the letter, "S'pore companies need to speed up payout sched*ules", from GN Setty (BT, June 13). W I support his suggestion that the Singapore Exchange (SGX) should ad* dress the matter. I quote the case of CIH
      162 words
    • 914 21  -  By JOHN M BERRY LIKE a youngster unable to sleep because he thinks there are horrible monsters hiding in his closet, financial markets have been spooked by irrational fears of surging inflation. The result: An imagined need for endless interest rate increases to bring
      AFP  -  914 words
    • 929 20  -  Debate about which strategy pulls more profit is heating up By SOPHIE HARDACH Reuters WHAT'S in a name? A buying opportunity, some might say, if the name belongs to a famous designer nearing bankruptcy. Multibrand houses such as the Gucci Group and bags-to-champagne
      Reuters; REUTERS  -  929 words


  • MALAYSIA/INDONESIA
    • 455 22 AP [PUTRAJAYA] Malaysia's bar association yesterday called for the wife of British Prime Minister Tony Blair to be prevented from representing a local company in a high-pro-file legal case, saying she lacks the expertise to act as counsel. Cherie Blair, who
      AP  -  455 words
    • 661 22  -  UBG is ready to exit group if price is right, but so far it isn't By S JAYASANKARAN in Kuala Lumpur THE protracted reorganisation of Rashid Hussain Bhd (RHB), the ultimate holding company of Malaysia's third-largest bank, appears to be going nowhere,
      661 words
    • 245 22 Reuters [SINGAPORE] A shareholder in Indonesia's PT Berau Coal is taking over the company after the country's fifth largest coal producer secured funding to repay a loan to US investment firm Farallon Capital, an industry source said yesterday. The shareholder, an Indonesian businessman
      Reuters  -  245 words
    • BRIEFLY ASIA
      • 65 22 Bloomberg [JAKARTA] PT Bumi Resources, Indonesia's second-largest publicly traded resources company, will buy PT Energi Mega Persada in a transaction valued at 11.5 trillion rupiah (Ssl.9 billion). The combination, pending approval from shareholders of both Bumi and Energi Mega, would make it Indonesia's biggest
        Bloomberg  -  65 words
      • 69 22 Reuters [KUALA LUMPUR] Malaysian state-controlled carmaker, Proton Holdings Bhd, will unveil a new model—its first in a year this week, the Edge daily said on its website on Tuesday, citing unnamed sources. The new model, the "Neon", will replace Proton's two-door "Satria"
        Reuters  -  69 words
      • 75 22 Reuters [KUALA LUMPUR] Malaysia approved RM4.5 billion (Ssl.9 billion) in foreign direct investment (FDI) in manufacturing in January-May, the government said yesterday. "For the first five months this year, we have already approved investments totalling RM10.9 billion of which 41.3 per cent was foreign,"
        Reuters  -  75 words
  • Page 22 Advertisements
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    • 46 22 IT'S DAD'S SPECIAL DAY... MERITUS MANDARIN SINCAPOM ...express your love by taking him on a deligntful gastronomic tour! Top of the 'M' Revolving Restaurant Pine Court Chinese Restaurant Triple 3,The Buffet Restaurant Chatterbox Home of the Mandann Chicken Rice For enquiries: 6831 6288 www.mandartn-singapora.co<n MjfA MMMNMi-l
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  • GREATER CHINA/INDIA
    • 492 23 The Severstal transaction does not preclude Mittal's offer AP [BRUSSELS] Arcelor SA yesterday pressed a shareholders' group to reconsider its opposition to the steelmaker's plan to spend up to 6.5 billion euros (Ssl3 billion) buying back shares, insisting it was not aimed at
      AP; AFP  -  492 words
    • 528 23 Reuters [TAlPEl] Hon Hai Precision Industry Co Taiwan's top maker of electronics components plans to offer up to US$l.B billion in shares overseas for expansion, ensuring steady growth in the coming years. At its annual shareholders' meeting yesterday, Hon Hai chairman Terry
      Reuters  -  528 words
    • 593 23  -  By SIDDHARTH SRIVASTAVA in New Delhi THE stock exchange carnage continues. Bombay's 30-share BSE Sensex fell below the 9,000 mark fleetingly on Tuesday and recovered weakly, to close down 413.50 points at 9,062 after seeing a low of 8,889. This was its worst fall
      593 words
    • 381 23 Reuters [GENEVA] Despite popular misconceptions, India's derivatives market is big and liquid enough to accommodate hedge funds who want to short sell and protect the downside, speakers at a hedge fund event said on Tuesday. Investors have complained that some India-focused hedge funds
      Reuters  -  381 words
    • 435 23 Ernst Young to hire 20,000 staff in China over next 10 years Reuters [SHANGHAI] Accounting giant Ernst Young aims to quadruple its staff in China to 20,000 over the next decade, as the growth of Chinese firms into global companies boosts demand for its services. Ernst Young one of the
      Reuters  -  435 words
    • 2232 23 *01 General Cofp .....0.54 -0.01 59 IwM II W- PHI Gentmg -21 AO unch 1304 George Kant 047 unch 7 AiMRealty 135 unch 0 GHL Systems _0.1I 0.01 5327 Abric 0.31 unch 23 GtobetromcsTech .030 -0.01 109 ACPIndurtrias 4 77 041 #1 GlomecBhd 1.15 unch 24 Advanca Synergy
      2,232 words

  • ASIA-PACIFIC/WORLD
    • 555 24 Fed rate hike seen a certainty as fuel costs push up overall prices 0.4% Reuters [WASHINGTON] Rising rents pushed up US core prices an unexpectedly steep 0.3 per cent for a third straight month in May, according to a government
      Reuters  -  555 words
    • 605 24 Shipment forecasts fall as consumers wait for prices to drop Bloomberg [SEOUL] Soccer's World Cup tournament has been an expensive blunder for flat-television panel makers. Shares of the world's five largest liquid-crystal display (LCD) makers declined yesterday, wiping out about
      Bloomberg; AFP  -  605 words
    • 246 24 Reuters [BANGKOK] Thai Prime Minister Thaksin Shinawatra launched another set of lawsuits against his critics yesterday, demanding US$2l million in compensation from the main opposition Democrat Party and three newspapers, his lawyer said. The defamation cases, one criminal and one civil, were
      Reuters  -  246 words
    • 827 24  -  ASIA INSIGHT A big storm seems to be blowing up out of nowhere ANTHONY ROWLEY Tokyo Correspondent AN E-MAIL message 1 received the other day from a respected investment adviser and friend decided me on devoting another column to what's going on
      827 words
    • 306 24 AP [ZURICHI French insurer AXA will buy Credit Suisse's Winterthur insurance unit for 12.3 billion Swiss francs (Ssl6 billion) in cash, the companies said yesterday. AXA SA, one of the world's largest insurers, said that the purchase would strengthen its business
      AP  -  306 words
    • WORLD WATCH
      • 72 24 Reuters [CHICAGO] Drugmakers Pfizer and Bayer yesterday said they struck a deal that grants Pfizer worldwide rights to Bayer's potential treatments for obesity and diabetes. Bayer's pipeline includes a new class of treatment called DGAT-1 inhibitors that seek to modify fat metabolism.
        Reuters  -  72 words
      • 99 24 Reuters [TOKYO] Japan's Honda Motor Co yesterday said it would recall and repair a combined 561,594 units of the Odyssey, CR-V and Step Wgn models globally to fix a faulty ignition switch that could cause the engine to stop. The recall
        Reuters  -  99 words
      • 67 24 Reuters [FRANKFURT] Deutsche Boerse is considering offering wide-ranging concessions over information technology structures to convince shareholders of rival Euronext to support a merger with the German exchange operator, the Financial Times said yesterday. Euronext has rejected an 8.6 billion euro (Ssl 7.3
        Reuters  -  67 words
      • 91 24 Reuters [NEW YORK] The US Securities and Exchange Commission may issue guidelines on the appropriate timing for companies to issue stock options, as part of its proposed rule to revamp disclosure of executive pay, the Wall Street Journal said. It said SEC
        Reuters  -  91 words
      • 62 24 Bloomberg [NEW YORK] ÜBS, Goldman Sachs Group and Credit Suisse Group were fined a total of US$l.35 million by the New York Stock Exchange for mishandling company proxy ballots. NYSE disciplinary panels found that the firms kept inadequate stock ownership records, sending
        Bloomberg  -  62 words

  • 10769 25 SGX MAIN BOARD Transaction date: Jun 14 52-Wk Tel Last Vol Day Last Quote GrOrv Dtv GrYW Net MCap High Low Code Company Sale 000) High Low Buyer Seller Cvr P/t SmH 45 1 5716 1st Software Sc 2.5 2 3 10.1 16 6 3148 8TelecomUS2c 6 -0.5
    10,769 words
  • Page 25 Advertisements

  • 6193 26 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES k> toed am la SS Mi UM dy \ff dy %yr dy %yr >unta Indo OxnQ> Owwg» Ch4n>« Ctw>9« Ovtnqt Clwig* i>e Wort) Indo Pittoiwaty 9406 U 30 -1.1 -43 -05 t imrnkmuri 9260 76 -48 JJ JS 01 Ei»ape»re«™«rj ***** 12 -3
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  • Page 27 Advertisements
    • 1236 27 UK CONTIMEMT SERVICE U.S.A SERVICE Destination Destination GO PRIDE RDM/ATW/BMNALB/NAN STXPOTBN CAM/NFK/SAV/NOL YOU YA VCW/LAX/MZL Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE Destination ASEAN PREMIER DBI/ABU/DOH/BRN/DMM/KWT Destination BEL ANNA DBI/ABU/DOH/BRN/DMM/KWT STXPOTBN INC/BSN Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES Tramping
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    • 634 27 pr\ DONGNAMA LINE OOMTAMKMMO BSMVICS W jaalgagggr vbse ffvorr sun) voy scr nu KOTA HAS! HAS42S 10/0* 22/N KOIA HMn HIM SI 2S/N 20/N KOttHAMAH HU237 02/17 N/17 VESSEL (EVHTY SUN) VOY SCP MB WY TW BOK ■OLKMIWE ***** 11/N 22/N 24/0* 17/0* 20/1* MOICUMY u/o* 20/N OJ/07 04/07 o*/07
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    • 708 27 vOOv WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobol.com vcsa wr imp mem m ik mo sav m otf TARONGA AMU )Nlm 4.2501 15/04 20/07 W/07 02/01 07/00 OS/00 UMISIS AM2O 1201 M 4.4 M N/07 30/07 00/01 12/00 14/00 14/00 lAJOPA AM2I 4201— km 14/07 M/ 00 U/00 22/00 20/00 24/00 Ntw
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  • Page 28 Advertisements
    • 1375 28 WAN HAI INTERNATIONAL PTE LTD a NO; **********0/R V TIL *****588 (14 ONES) FAX: *****163 \AM\ WAN A I I lIJCC Customer Service/Bookings Droct Um (1800) *****200 V V f TMII IIMI LIIILJ n0.EL(03)3346ttttHUL(03)*****2UPH HL |04)22*5100fAJL(04)2294F94 JOHIH: (07) *****23 FAX: (07)*****21 Sit 1H: (031) 37V547S FAX: (031) *****14/ *****0S —i—»
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    • 758 28 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS vKsa vot sm pjoang couhmo hmm mum —mm OIQ4W 13 JIM UiUW ItillH 21 JIM ttJIU Silitlt inwr |fll_ JtZJIL «JUL 12 JUL ILIIL ML— mram imn urn i?iui ujul urn am Nl MHVU MSO ACOIM6
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 6614 29 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SM Dest'n Name Name Number Number SIN Dest'n Name Name Number Number 09/07 17/07 PTOjakarta ANl ESPRIT 0275 *****203 To ABIDJAN (ABJ) 2003 Cote D'lvoire 23/07 31/07 PTDiakaita KAMAKURA 028S *****203 22/06
      6,614 words

  • BizIT
    • 684 30  -  It is aiming for an aggressive 33% growth this fiscal year, reports ROLAND LIM ROLAND LIM Having grown the business an impressive 50 per cent since taking over the reins at Fujitsu Asia two years ago, regional chief executive Norikazu Karasuda has now
      684 words
    • 815 30  -  It stops hacker attacks, powers Fifa's cyber defence By WINSTON CHAI in Munich AS reigning champions Brazil started the defence of their World Cup crown with a hard fought victory over Croatia, Fifa's IT solutions partner Avaya was also pulling out all the
      AFP  -  815 words
    • 532 30 Reuters [SAN FRANCISCOI Dell Inc. the world's largest personal computer maker, is expected to offer a desktop PC using a microprocessor from Advanced Micro Devices Inc in September, Citigroup Inc analysts said on Tuesday. Citigroup analyst Glen Yeung said he and
      Reuters  -  532 words
    • 220 30  -  By ROLAND LIM ENTERPRISE storage leader EMC Corporation has selected former Microsoft regional vice-president Sanjay Mirchandani for its newly created position of senior vice-president of emerging markets and international development. In his new role, Mr Mirchandani will be responsible for growing EMC's business in the
      220 words
    • 284 30 Reuters [SAN FRANCISCO] Microsoft Corp on Tuesday warned of eight "critical" security flaws in its Windows operating system and Office software that could allow attackers to take control of a computer. Microsoft, whose Windows operating system runs on 90 per cent of the
      Reuters  -  284 words

  • Page 31 Advertisements
    • 4449 31 i i I i. .i I IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 50) AND IN THE MATTER OF SEARCHING MARITIME PTE LTD (Incorporated in the Republic of Singapore) (Co. Reg. No. *****1875G) (IN LIQUIDATION) MEMBERS VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the Members of SEARCHING MARITIME
      4,449 words

  • PROPERTY
    • 396 32 Sales of new units this year expected to hit 10-year low Bloomberg [HONG KONG] Home prices here will fall as much as 10 per cent this year because of slow sales on rising interest rates, leading to lower profits at
      Bloomberg  -  396 words
    • 247 32 Bloomberg [BEIJING] China's urban real estate prices increased 5.8 per cent from a year earlier in May, faster than the 5.6 per cent rise the previous month, a government survey showed. Property prices, including residential and commercial houses, rose 0.7 per cent from April, according
      Bloomberg  -  247 words
    • 438 33 Shanghai firm aims to raise up to HK$5.1b in the face of weak market Reuters [HONG KONG] Shimao Property Holdings Ltd, a luxury property developer in China's booming Yangtze River Delta, has set an IPO price range that values the firm
      Reuters  -  438 words
    • 256 33 BOUGAINVILLE Maisonette Apartments a small walk-up group of eight apartments on Joo Chiat Terrace is being put on the market for collective en bloc sale. Located in District 15, the indicative price for the 20,576 square foot site is $9 million or
      256 words
    • 1470 33 PROPERTY TRANSACTIONS BETWEEN JUNE 7 AND JUNE 13, 2006 PROJECT NAME/ PROP CONTRACT TENURE BUtO-lN/LAND PRICE PSF STREET NAME TYPE DATE AREA*(SQ FT) ($5 000) (S$) District 01 NON-LANDED The Sail At Marina Bay Apt 12/04/2006 99 667 569 8S3 District 02 NON-LANDED Icon Apt 10/05/2006 99 570 570
      1,470 words
    • 369 34  -  Its $256 million price works out to $674 psf ppr By KALPANA RASHIWALA FRASERS Centrepoint has emerged as the highest bidder for the freehold Far East Mansion at Kim Yam Road and has started inking a collective sale deal with the majority owners
      369 words
    • 819 34  -  NEWS ANALYSIS By KALPANA RASHIWALA FRASERS Centrepoint Trust, which will own three shopping centres in Singapore, is one of the better real estate investment trusts to come on the market. Market watchers have been waiting years for Fraser Neave (F&N) group to launch the
      819 words
  • Page 32 Advertisements
    • 181 32 7 FOR SALE by tender GOOD CLASS BUNGALOW PROPERTY AT EAST SUSSEX LANE a Land Area 34,631 sq ft (3,217.3 sqm) 1 o» w)NG Can be subdivided into 2 GCB plots v -*'s Situated close to reputable schools Henry a Park Primary, Nanyang Primary and Raffles Girls' Primary School Easy
      181 words
    • 197 32 Quality Business Space @Tai Seng Modern 5-storey light industrial building Prominent location at junction of Airport Road Suitable for MNCs SMEs Ideal for production, warehousing office Large floor plates: 7,200 sq ft to 36,200 sq ft Easy access to PIE KPE Attractive rental available immediately 8100 0129/9237 7888 RCSNo imollS2A
      197 words

  • Page 33 Advertisements
    • 172 33 PRIME LOCATION Jg 8' r?®fs v NEAR TIONG BAHRU MRT BjfiSpfi S V FULL GLASS FACADE m*. ■ferr: y un,t size fr m 1098 s^ 5 >/ GOOD CORPORATE IMAGE |j pw-| S EASY ACCESSIBILITY TO AYE/CTE/ECP MORE THAN 600 PARKING LOTS OfangeTee Call: 0877 2555 savills I 707 A
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  • Page 34 Advertisements
    • 435 34 GOOD CLASS BUNGALOW PROPERTY AT FORD AVENUE Legal Description Lot MK4-*****X 2 Storey Bungalow Fairly New Freehold llif If Ylvh Land Area -*****.6 sq ft (1411.8 sqm) ||||fli fllH Prestigious and exclusive schools such as Hill Nanyang Primary School and Raffles Girls' Primary School Located close to The Botanic Gardens
      435 words