The Business Times, 23 June 2006

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 34
1 34 The Business Times
  • 20 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://buslness-times.asia 1 .com.sg MICA (P) 099/03/2006 Friday, June 23,2006 miii iiiiMMHii ii
    20 words
  • 619 1  -  Offer values Internet company at around US$l26m; shareholders' acceptance extended to July 10 By ROLAND LIM [SINGAPORE] Mediaßing yesterday sweetened its takeover offer for Nasdaqlisted Pacific Internet by raising the price 15 per cent from US$B.25 to US$9.5O a share. As part
    ARTHUR LEE  -  619 words
  • 137 1 STI 2,359.55 (+29.95) ST INDEX FUTURES 2.360.00 (+30.00) SIMSCI 281.54 (+3.60) SIMSCI FUTURES 281.70 (+3.90) MARKETS Thursday Change KLSE COMP 900.47 +5.81 NIKKEI 225 15,135.69 +491.43 HANG SENG 15,826.70 +167.34 SET INDEX 659-32 +9.58 JAKARTA COMP 1,303.45 j+IPi 16 MANILA COMP 2,097.39 +39.62 SEOUL COMP 1,238.83 +11.64 SHENZHEN
    137 words
  • 390 1 By OUR CORRESPONDENT in Bangkok THAILAND'S Shin Corp yesterday said that if its television unit ITV were found liable to pay fines, Shin's exposure would not be more than what it had put into ITV in paid-up capital. ITV, 53
    390 words
  • Page 1 Advertisements
    • 50 1 WORLD CUP 2006 Another premature exit X* lor French? PAGE 15 mm m tomorrow THEBUSMESSTMB 1 f weekend 8 BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account, log on to http://business-times.asia 1 .com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838.
      50 words
    • 8 1 COMPANIES Key to Creative Tech's rebound PAGE 8
      8 words
    • 147 1 CFO INTERVIEW SP Chemicals' Wira Tjendana on investor relations The ultimate I 1. I--. .1 I 11 it... K\.( id .-III!' t. ft, ,i .!< fM i' I .U- nt, ift m I I tli.i. tin ,1 ml,. n l,v il li "•<■ <■• il. I'.H- I tl. ""."it'' 1
      147 words
    • 29 1 ACCS Nokia exec pleads guilty to accepting bribes PAGE 4 C|l HBHkL IIRP MM Stylists to a the stars ;•>:' Singapore's high-end hair salons: it—jnd what doesn't ,v M. s
      29 words

  • TOP STORIES
    • 742 2  -  Talk is that PCCW could make HK$7 a share payout to garner support By SIOW LI SEN [SINGAPORE] Long-suffer-ing minorities of Pacific Century Regional Developments (PCRD) may be in for a big payout going by speculation that its Hong Kong associate PCCW
      AFP  -  742 words
    • 401 2 Decision on LNG imports expected soon SINGAPORE is expected to decide soon possibly by the end of the month whether to proceed with a plan to import liquefied natural gas to fuel power stations. All signs indicate a yes. TOP STORIES, PAGE 3 Nokia exec fined for taking
      401 words
    • 640 3  -  HOCK LOCK SIEW By ANGELA TAN MEDIARING, led by executive director Koh Boon Hwee, yesterday raised its unsolicited takeover offer for Nasdaq-listed Pacific Internet by 15 per cent, from US$B.25 a share to US$9.5O a share in cash. The new offer is 19
      640 words
    • 675 3  -  Indications point to yes, final review being conducted By RONNIE LIM [SINGAPORE] Singapore is expected to decide soon possibly by the end of the month whether or not to proceed with its plan to import liquefled natural gas (LNG) to fuel power stations. All
      675 words
  • Page 2 Advertisements
    • 152 2 Deoole Do we know r r you? (Register with us today) vvwvv.thepeopleatwork.com Asia-Pacific Executive Search H< 1 |MMM K:|A its P©ll'Ol ITfl3nC© will raise your heart rate, a The HAd I will raise your eyebrows. yi -Al^nßv f Jr .^MT Hk. /*rm I g r |p ■I 000&**** l mm!
      152 words

  • Page 3 Advertisements
    • 22 3 Releasing your financial results? Call 1800 289 8822 or email notices@sph.com.sg to book your financial results in our newspapers now. »ATci^ notices
      22 words
    • 130 3 Sony Ericsson 1 mm ihi r s< Niij te Jk <w\l rlnH BBMPp*— 1 J I 1 1 I Vwr^ Hp BfIHHB Go places. Stay connected. The new M6ooi. r r.'M Fashionably dressed and feature-packed, the slim M6ooi is tailor-made for business on the move. Check your emails on the
      130 words

  • COMPANY NEWS
    • 583 4  -  He took bribes from ACCS to help it further its interests with his company By MICHELLE QUAH A SENIOR Nokia executive yesterday faced seven counts of corruption for accepting bribes including trips to KTV lounges, an expensive watch and a Thai holiday
      ZAOBAO  -  583 words
    • 233 4 Reuters SINGAPORE investment company Temasek Holdings may raise up to U553.25 billion from an international bond as early as August, banking sources said yesterday. Investment banks are currently pitching for the deal in what would be Temasek's second international debt sale since it embarked
      Reuters  -  233 words
    • 42 4 UNIT TRUSTS FUNDS LEGEND: All prices are indicative; v Broadly Diversified; Narowly Focused; Lower Risk; Low to Medium Risk: Medium to High Risk; Higher Risk; open-ended; Before subdivision of units; After subdivision of units; SP after stock split; N.A- Non Dealing Day
      42 words
    • 185 4 ENVIRO-HUB Holdings, formerly known as Leong Hin Holdings, has unveiled plans for a $15 million copper smelting and refining plant at its Gul Way premises. The plant, for the smelting and refining of the metal from electronic wastes, will be set up
      185 words
    • 565 7  -  Company plans 2.5-cent dividend as sales grow, margins improve By TEH HOOI LING STAMFORD Tyres yesterday reported an 80.8 per cent surge in net earnings to a record $15.6 million for the year ended April 30, 2006, thanks to improvements on all fronts. As a
      FILE PHOTO  -  565 words
    • 297 7 UNTIL the completion of a clean exit which Raffles Holdings Ltd (RHL) is planning for shareholders, trading of shares in the company will not be suspended upon completion of the sale of Raffles City despite the transaction leaving the group with no
      297 words
    • 359 7  -  Deal will involve assembly and testing in Wuxi By CRYSTAL NEO STATS ChipPAC has entered into an agreement with China Resources Logic (CR Logic) for a strategic joint venture to assemble and test selected products in Wuxi. Under the deal, CR Logic's indirect
      359 words
    • 263 7  -  By KRITI SINGH SHARES in China-based property developer Yanlord Land Group, which started trading yesterday amid volatile global market conditions, closed at their issue price of $1.08. The mainboard stock, which was issued at the lower end of an indicated price range of
      263 words
    • 428 8  -  Successful incorporation of sound standards can lead to rebound By OH BOON PING THE key to Creative Technology's rebound may lie in differentiating its products through strong sound quality. Indeed, ABN Amro analyst Paul Lian told BT yesterday that "there could be surprises if Creative
      428 words
    • 486 8 Bloomberg [KUALA LUMPUR] Over-sea-Chinese Banking Corp (OCBC), the smallest of Singapore's three lenders, may add more than four branches this year in Malaysia as it seeks to expand and tap growth in rural parts of the country, its sec-ond-biggest market. OCBC received
      Bloomberg  -  486 words
    • COMPANY BRIEFS
      • 78 8 A CEREMONY was held in Shanghai yesterday for the launch of Great Wall Airlines, a joint venture between China Great Wall Industry Corporation, Singapore Airlines Cargo and Dahlia Investments, a wholly owned subsidiary of Temasek Holdings. The air cargo carrier, which will operate
        78 words
      • 41 8 FOLLOWING its recent share placement, Teledata said it had used up some $131,729 on expenses such as legal fees, financial advice and accounting. The placement, which was completed on June 14, yielded a net $590,190.
        41 words
      • 38 8 BIOSENSORS International has completed its internal restructuring exercise. It now has a new wholly owned subsidiary, Biosensors International (France), which will be responsible for marketing and sales of Biosensors' products in France.
        38 words
      • 61 8 FEDERAL International subsidiary Federal Hardware Engineering has exercised its option to convert part of a loan due from associate company KVC Co Ltd into 30,000 shares in KVC (UK) Ltd. Following this, Federal's shareholding in KVC UK will increase from 70 per
        61 words
    • 390 8 Bloomberg SINGTEL, South-east Asia's largest phone company, plans to cut costs as profit margins come under pressure in the industry. The company plans to outsource "la-bour-intensive non-core" services including the maintenance of call centres and payphones, Allen Lew, chief executive officer
      Bloomberg  -  390 words
  • Page 4 Advertisements

  • Page 5 Advertisements
    • 262 5 •sgtaw..': i% .SOMETIMES THE ROAD TO POWER IS PAVED WITtTtIRTOLD LUXURY. Mtfjjp |H villi "r ,p l;^^^p!^'^l' v if-*--- !^S" s: 7 |ffe 7 ?^t.A?^U:X\,r v:: f^s7; J -77«...: The Lexus OS3OO. In luxury and performance, the GS 300 cruises way ahead, in a class of its own. Its 228bhp
      262 words

  • SINGAPORE MARKETS
    • 533 6  -  STOCKS China plays including Hengxin, Bright World, China Essence and China Sun see heavy trading CONRAD TAN Reporter SINGAPORE investors got a taste of joy yesterday as the clouds cleared after a run of uncertainty due to inflation jitters and fears of a missile
      Source: Bloomberg  -  533 words
    • 454 6 Deemed Interest; IP: Investment Purposes; SA: Share Allotment; ST: Share Transfer; B/R: Bonus/Rights issues; OE: Option Exercise; PL: Placement Shares; IT: Internal Transfer Compiled by BT OTHER SINGAPORE INDICES Jun 22 VALUE CLOSE BT OB/OS 403.00 +550.00 BT CADI -*****.00 +216.00 BT 10-day MA -*****.00 +40.00 All-SG
      454 words
    • Article, Illustration
      895 6  -  Compiled by MATTHEW PHAN Midsouth Holdings Jum 22 dose: 50.5 cents CIMB-GK RESEARCH, June 22 INITIATING coverage. As a market leader' in niche fibreglass reinforced plastics (FRP) products, Midsouth offers exposure to the fast growing FRP market in China. Higher oil prices, metal prices and government energy conservation
      Source: Bloomberg  -  895 words
    • 555 6  -  CURRENCIES LARRY WEE Senior Correspondent THE New Zealand dollar's fate as "2006's worst-per-forming OECD currency was reinforced yesterday after a record current account deficit for Q1 2006. In an otherwise quieter session for the US dollar in Asian currency trading, the stark contrast between
      Source: Reuters  -  555 words

  • Page 7 Advertisements
    • 50 7 J 'vi "j f If w Wv I P*!. --a.*. i, I i 'a 3 iti* I('h;i mj*i 1, s r Is L tt j'f |P| ff ■pHpr J iii Imt 'jlt> 'Ir*. w *a< N M I Hl™ -fV^mfKS&L V; j j j& R BIV ;Jj?A I I I
      50 words

  • Page 8 Advertisements
    • 182 8 r B'*"Wiur Tit* 1 ,I r If v I f H Fv I j i il \*v x\' Hi t jju J J Answer these questions and you could win If P /Jjw How many foreign full banks arc operating In Singapore? I P "n J J A '.WW <fj-
      182 words

  • THE CFO INTERVIEW
    • 1387 9  -  Careful planning and keeping costs low are key, SP Chemicals' chief financial officer Wira Tjendana tells SIOW LI SEN SIOW LI SEN EVERY time there is a share placement of a China stock, Wira Tjendana, chief financial officer of SP Chemicals, gets to hear about
      1,387 words
  • Page 9 Advertisements
    • 42 9 Designed Tor Tne eyes. pfjfl M 1 El iK^ .^^^MgMMMHitoi^ JF i igf;vv t v>«• "Tsr x&r fi. v h.\ <rC Premium Automobiles Showrooms: 9 Leng Kee Road Singapore *****0Te1: 6566 1111 •55 Übi Road 1 Singapore *****9 Tel: 6388 2323 *****2271W
      42 words

  • SINGAPORE NEWS
    • 548 10  -  It fears revaluation will lead to sudden spike in yuan and loss of jobs By CHUANG PECK MING CHINA will not yield to pressure from American trade protectionists to revalue the Chinese yuan against the US dollar and shift to a free-floating
      DESMOND WEE/ST  -  548 words
    • 238 10 AS MANY as 200 golfers will tee off at The Business Times 4Vi-Club Golf Challenge at the Tanah Merah Country Club Tampines Course today to mark the 30th anniversary of The Business Times. The event is organised by The Business Times'
      238 words
    • 475 10  -  By CONRAD RAJ JAPAN'S recovering economy is providing increasing business opportunities for investment banks like ÜBS Investment Bank. As a result, the Swissbased bank's Tokyo office is appointing Sutha Kandiah as joint head with Katsumi Fujikawa of equity capital markets. Mr Kandiah, who has been
      475 words
    • 161 10 AFP SINGAPORE and fast-rising Beijing signed a memorandum of understanding (MOU) on bilateral trade and investment yesterday, Singapore's trade promotion agency said. It is the first time the Bering Investment Promotion Bureau (BIPB) has reached such an agreement with a foreign national
      AFP  -  161 words
    • 205 10 MALAYSIA and Singapore are in talks to help frequent visitors from Malaysia move towards using a Malaysian international passport. The Malaysian Restricted Passport (MRP) will not be accepted by Singapore's Immigration and Checkpoints Authority (ICA) after the end of the month. Malaysia's Minister for Home
      205 words
    • SINGAPORE ROUNDUP
      • 65 10 SINGAPORE will be holding the 3rd Asia-Pacific Conference of Transducers and Micro-Nano Technology from Sunday to Wednesday. The conference, organised by Nanyang Technological University, will attract more than 400 delegates from around the world, to examine topics such as integration and miniaturisation of devices used
        65 words
      • 42 10 MINISTER for Foreign Affairs George Yeo met with Cardinal Renato Raffaele Martino, Special Envoy of His Holiness Pope Benedict XVI yesterday. The two agreed on the importance of promoting a message of moderation and inter-faith understanding.
        42 words
    • 530 11  -  Construction of its third air-separation plant in S'pore begins Bv NOOR AISHA LIKE the gases that it deals with every day, National Oxygen (NOX) is naturally expanding, and South-east Asia is a key market for the Japanese-owned industrial gas producer. "Industrial gases, though invisible,
      530 words
  • Page 10 Advertisements
    • 281 10 7 f It's known by many names, but a true whisky by any other name is still a Jack Daniel's, born and bred in Lynchburg Tennessee since 1866. Using pure cave spring water and a unique mellowing process perfected by Mr Daniel himself, one look at that gorgeous amber-hued bottle,
      281 words
    • 67 10 Chooae one Item Horn our I I 9f| y Finally avaiCa6(e here I TE-ARO-^ESTATI BAROSSA VALLEY Premium Shiraz Premium GSM Dry Grown Grenache H I I Dry Grown c 3^eFVi^ne/ 40 Holland Grove Rd. Tel: *****053 Se Ra Bel Korean Restaurant Furama Hotel #04-01. Tel: 6535 0336 25 off ala
      67 words
    • 161 10 Jv 60 Reasons To Feast Again Savour delectable dishes in our popular *60 Dishes Deluxe Feast' such as Braised Shark's rin Soup with Crabmeat. Shredded Pork with Garlic Chilli Sauce, Chengdu Diced Chicken with Spicy Bean Paste and many more. Adult $35.80, Child $24.80 (Sat, Sun 8c Public Holiday) Dinner:
      161 words

  • Page 11 Advertisements
    • 3204 11 >;ats NJOTICFS X Jl X JL L-J Toll free: 1800-289-8822 Email: notices@sph.com.sg BUY IT-SELL IT-FIND IT SinGAPORE AIRLinES SINGAPORE AIRLINES LIMITED Co Regn No. *****0078R (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Thirty-Fourth Annual General Meeting of the Company will
      3,204 words

  • Page 12 Advertisements
    • 1016 12 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SEARA FOOD ASIA PTE LTD ON MEMBERS' VOLUNTARY LIQUIDATION) (Company Registration No. *****0789W) NOTICE TO SUBMIT PARTICULARS OF DEBTS OR CLAIMS Notice is hereby given that the creditors of the abovenamed Company, whose debts or claims
      1,016 words
    • 5467 12 [*AT3 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg BUY IT SELL IT FIND IT IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF 1. SAN REMO COFFEE HOUSE rE) LTD *****0489H 2. GOLDEN STAR NITE CLUB PRIVATE LIMITED Reg. No. *****0421R (AM In Members' Voluntary Liquidation)
      5,467 words
    • 133 12 In the Matter of the Companies Act, Cap. 50 And In the Matter of 1. CHIP SOON ENGINEERING PTE LTD (IN LIQUIDATION) (Company No.: *****0961W) 2. EYEWEARASIA PTE LTD (IN LIQUIDATION) (Company No.: *****2752Z) NOTICE IS HEREBY GIVEN, pursuant to Section 308(2) of the Companies Act, Cap. 50, that the
      133 words

  • Page 13 Advertisements
    • 2850 13 I O rmnr SMRT Coloration Ltd ■«fil li Incorporated In the Republic of Singapore Compwiyß«gtetmtlonNo:2ooool»ssH NOTICE OF ANNUAL GENERAL MEETING To: All Shareholders (b) the approval given in paragraph (a) above (the "General Mandate") shall, unless revoked or varied by the Company in General Meeting, continue in force until the
      2,850 words

  • ECONOMY WATCH
    • 853 14 Govt needs to raise cost of money to stem demand, alter exchange rate Bloomberg [SINGAPORE] The receding tide of global liquidity has left many emerging markets high and dry in the past month, but not China. The challenge facing the People's Bank of
      Bloomberg  -  853 words
    • 337 14 Reuters [BEIJING] China could let foreign banks take larger stakes in most domestic lenders than allowed under current rules within months, business lobby group head and former US commerce secretary Donald Evans said yesterday. Judging from exchanges with senior Chinese government officials,
      Reuters  -  337 words
    • 289 14 Reuters [KUALA LUMPUR] Malaysia will not be rushed into a free-trade deal by the United States and will refuse to sign an agreement that sacrifices its interests, the trade minister was quoted as saying yesterday. Malaysia and the United States,
      Reuters  -  289 words
    • 400 14 Bloomberg [BEIJING] China's reform of its foreign exchange system has been conducted "smoothly" and monetary policies have helped maintain the currency's stability, the People's Bank of China said. "The government's success in carrying out stable and healthy monetary policy has helped uphold stability in
      Bloomberg; REUTERS  -  400 words
    • 685 14 Policy-makers are mindful of asset prices Reuters [NEW YORK] Currency and commodity markets suggest that the Federal Reserve probably is closer to the end of its tightening cycle than some banks and brokerages predict. In its fight against inflation, the US central
      Reuters; AFP  -  685 words
  • Page 14 Advertisements
    • 78 14 Educational Technologies is looking for sub-distributors for Time Life home-education products in Singapore. Internationally recognized brand! No franchisee fee or stocks required! •All sales material and training provided! Every parent is a potential customer! You need to have at least five years experience in direct sales, including recruiting, training and
      78 words

  • WORLD CUP 2006
    • 747 15  -  By MATTHEW PHAN tomorrow in our World Cup pdgoll With the World Cup moving into the knockout phases Singapore's former midfield maestro Leong Kbk Fann will give his take on the 16 teams left. Now vice-president and general manager of Ednovation Pte Ltd, he
      747 words
    • Article, Illustration
      88 15 [SINGAPORE] Painting the town red they aren't. Rather, the staff of Standard Chartered Bank donned their reds to back their chief executive Lim Cheng Teck in the build-up to tonight's key match between South Korea and Switzerland. Cheng Teck is one of 32 senior executives taking part in
      YEN MENG JIIN  -  88 words
  • Page 15 Advertisements
    • 721 15 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. "France have yet to get up
      721 words

  • MALAYSIA/INDONESIA
    • 559 16  -  Firm returns to normal trade but investigations are continuing Reports by PAULINE NG in Kuala Lumpur BUYERS piled into the shares of Malaysian smartcard and e-passport maker Iris Corporation after trading restrictions were lifted yesterday. Some 100 million shares of
      559 words
    • 4 16 Source: Reuters
      4 words
    • 426 16 MALAYSIA has toughened up the guidelines for companies seeking a listing on the main board of its stock exchange. Under new guidelines, domestic companies must have a market capitalisation of at least RMSOO million (Ss2l7 million) and an after-tax profit of RM3O million
      AP  -  426 words
    • 332 16 [PASIR GUDANG, Malaysia] Asset-rich Keck Seng (M) Bhd plans to set up a real estate investment trust (Reit) in the next two to three years, says a report in The Starßiz. It quoted managing director Ho Kian Hock as saying that
      332 words
    • 417 16  -  By S JAYASANKARAN in Kuala Lumpur POWER, entertainment and gambling conglomerate Tanjong yesterday saw investors piling into its shares after it registered a firstquarter net profit of RMI27 million (5555.4 million), 47 per cent up from its preceding quarter. The results, announced
      417 words
    • 367 16 [SINGAPORE] Indonesian bank Renaissance Capital has generated enough demand for its planned US$2.l billion loans needed to fund a coal mine acquisition from Bumi Resources, a source close to the matter said yesterday. The term loans, including a five-year US$l billion senior loan,
      367 words
    • BRIEFLY ASIA
      • 64 16 Bloomberg [NEW DELHI] Bharti Group, which runs India's biggest mobile-phone operator, said it will take about three months before it selects a partner for its retail venture. Bharti is in talks with Tesco Pic, Wal-Mart Stores Inc and Carrefour SA for starting the
        Bloomberg  -  64 words
      • 74 16 Reuters [MUMBAI] India's Oil and Natural Gas Corp will invest 49 billion rupees (Ssl .7 billion) to set up a new petrochemicals complex in the southern city of Mangalore, a company official said yesterday. The plant, to be built in four years,
        Reuters  -  74 words
      • 87 16 Reuters [HONG KONG] Top Asian oil refiner Sinopec Corp said yesterday it is in early discussions to build a liquefied natural gas (LNG) terminal in the southern Chinese city of Zhuhai. Sinopec is vying with CNOOC Group, which is leading a
        Reuters  -  87 words
      • 85 16 Reuters [BEIJING] China's steel industry in its first reaction to a 19 per cent iron ore price rise sealed this week —said the talks breached rules and some pending issues regarding higher Brazilian ore prices should be resolved. "We regret some actions
        Reuters  -  85 words

  • GREATER CHINA
    • 239 17 Reuters [BEIJING] China should convert some of its foreign exchange reserves, the world's largest, into gold to hedge against weakness in the dollar, an official and an economist at the central bank wrote in an article seen yesterday. "Converting part of
      Reuters  -  239 words
    • 447 17 Reuters AP [SHANGHAI] Bank of China (BOC), the nation's No 2 commercial lender, yesterday said it was working with Royal Bank of Scotland (RBS) to set up private banking outlets in the country by year-end. "Royal Bank of Scotland is our
      Reuters; AP  -  447 words
    • 260 17 Bloomberg [FRANKFURT] Las Vegas Sands Corp, the US casino company controlled by billionaire Sheldon Adelson, said 200 retailers agreed to open stores in its malls on the Cotai Strip in Macau, the only Chinese city where casinos are legal. The retailers will
      Bloomberg  -  260 words
    • 424 17 Real estate industry hit by graft scam involving official Reuters [BEIJING] Chinese President Hu Jintao ordered the sacking of a vice-mayor at a secret meeting to prevent political patrons from protecting him, a government source said yesterday, in a sign Mr
      Reuters  -  424 words
    • 491 17 Limits on foreign investment in property planned to reduce speculation Bloomberg [BElJlNG] China plans to restrict purchases of real estate by foreign investors to reduce speculation and prevent a property bubble, a government official said. New rules defining what type of overseas investor can buy
      Bloomberg; AFP  -  491 words
  • Page 17 Advertisements
    • 512 17 The Enterprise 50 aword programme, established" by Accenture and The Business Times in 1995, '******>+. recognises ihe contributions that local, privately t* *^^3988 pr held companies have made in economic mf? development at home and abroad. Enterprise 50 1 is jointly supported by the Singapore Eoonomic financial year must tall
      512 words

  • INDIA
    • 546 18 Both parties turn to the courts to claim funds lodged for completing tie-up AFP [MUMBAI] The longawaited US$5OO million Jet Airways takeover of domestic rival Air Sahara collapsed yesterday amid a row over the price of India's largest airline merger, according to reports. A
      AFP  -  546 words
    • 463 18 Bloomberg [MUMBAI] Posco, the world's No 4 steelmaker, is threatening to abandon its proposed US$l2 billion project in India unless it is granted exclusive access to iron ore mines, a company executive said. Posco is planning a 12 million tonne-a-year plant in
      Bloomberg  -  463 words
    • 146 18 Reuters [NEW DELHI] India's Cabinet yesterday approved the sale of 10 per cent equity each in Neyveli Lignite Corp and National Aluminium Corp (Nalco), the country's second-larg-est aluminium maker, Finance Minister Palaniappan Chidambaram said. The government holds 93.56 per cent of Neyveli
      Reuters  -  146 words
    • 237 18 Bloomberg [MUMBAI] India has allowed non-state companies to import wheat and sugar, and banned exports of pulses, to stem an increase in prices of the commodities and curb inflation. Limited import of sugar has been permitted until September under the so-called "tariff rate
      Bloomberg  -  237 words
  • Page 18 Advertisements
    • 32 18 PI THE B u, K TI 2 botlles of red/white wlno of your eholco ML** Wine Cooler Bog cwnpteto wHh ac c*ssoriM Call 6388 3838 now to subscrllw The Business Times Newsweek
      32 words

  • ASIA-PACIFIC/WORLD
    • 471 19 Commission finds it illegally hired small parties to run in April 2 elections AP Bloomberg [BANGKOK] The political party of Thailand's Prime Minister Thaksin Shinawatra was found yesterday to have violated the country's election law, which could lead to its dissolution and
      AP; Bloomberg  -  471 words
    • 553 19  -  By ANTHONY ROWLEY in Tokyo EMBATTLED Bank of Japan (BOJ) governor Toshihiko Fukui hung tough yesterday in the face of mounting pressure on him to resign over his controversial personal investments, saying again that he has no intention of quitting. But
      AP  -  553 words
    • 440 19 Initial claims for jobless aid rise 11,000 last week Reuters AFP [WASHINGTON] The for-ward-looking index of leading economic indicators fell 0.6 per cent in May, further indication of a slowdown in the US economy, The Conference Board said yesterday. The decline was higher
      Reuters; AFP  -  440 words
    • 247 19 AFP [SEOUL] The parent group of Asiana Airlines was selected yesterday as potential buyer for Daewoo Engineering and Construction in an auction that could change the face of South Korea's construction sector, officials said. Creditors picked a consortium led by Kumho Asiana Group
      AFP  -  247 words
    • 371 19 Bloomberg [NEW YORK] Morgan Stanley shares rose the most in more than a year after chairman and chief executive officer John Mack gave investors everything he said he would, at least in the latest quarter. Morgan Stanley had record revenue and
      Bloomberg  -  371 words
    • 496 19 Bloomberg [NEW YORK] A top US securities industry regulator has raised concerns about global stock market mergers saying consolidation of world stock exchanges may make monitoring trading and listed companies more difficult, jeopardising investors. "With market globalisation promising such an abundance of benefits, what could
      Bloomberg  -  496 words
    • 520 19 Bloomberg [NEW YORK] Henry Paulson, the nominee for US Treasury secretary, will sell his Goldman Sachs stake under an agreement with the Office of Government Ethics, a White House aide said on Wednesday. Mr Paulson, chief executive of Goldman, owned its 3.23 million
      Bloomberg; AP  -  520 words

  • AVIATION
    • 517 20 Some European, US airlines asked to assist but they say they're not targets Reuters [LONDON] UK authorities have raided British Airways pic as part of a joint investigation with the US into an alleged cartel over passenger ticket pricing which saw
      Reuters; BLOOMBERG  -  517 words
    • 382 20 Reuters [HONG KONG] Air China Ltd will pay US$4l4 million to buy out a Hong Konglisted unit and expand its direct stake in Cathay Pacific Airways Ltd, the latest twist to a multi-billion dollar merger that will shake up the sector. China's
      Reuters  -  382 words
    • 327 20  -  By VEN SREENIVASAN [SINGAPORE] In a move which takes the Jetstar group another step closer towards interlining, the Qantas-controlled group which includes Singaporebased Jetstar Asia and Valuair has signed up to a common Global Distribution System for ticket bookings. Starting yesterday, travel
      327 words
    • 268 20 Reuters [PARIS] The French government's financial arm, the Caisse des Depots Consignations (CDC), has expressed concerns over the recent share price collapse at Airbus parent EADS, a source close to the CDC said yesterday. The source added that the CDC was also considering taking
      Reuters  -  268 words
    • 216 20 Bloomberg [DALLAS] United Airlines flight crews sued the Air Line Pilots Association for blocking non-union members from selling lucrative rights to company stock they received during the airline's recent bankruptcy. The suit on behalf of 200 pilots and flight engineers said United and
      Bloomberg  -  216 words
    • 519 20 Move follows govt plan to close Don Muang in Sept By OUR CORRESPONDENT in Bangkok THAI Airways International has decided to scrap its plans for a low-cost airline after the Thai government decided to close the operations of its incumbent airport, Don
      519 words
    • 400 20 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), AI: Air India (AK), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:
      400 words


  • EDITORIAL & OPINION
    • 518 22 EDITORIAL AFTER the US central bank announced its 16th consecutive quarter per cent rate hike on May 10, there was a widespread view that short-term US interest rates could have finally reached a cyclical peak. But a lot has changed
      518 words
    • 1011 22  -  Some US economists now say expanding global trade does not require new agreements LEON HADAR Washington Correspondent MORE than four years after the launch of the Doha Round under the auspices of the World Trade Organisation (WTO), with its goal of continuing to remove trade
      AFP  -  1,011 words
    • 816 22  -  THE BOTTOM LINE DAVID MASON IN the UK, June is traditionally the month when journalists find offbeat stories to fill their copy. However, being World Cup year, most of the newspapers are being hysterical about the England football team. It is so
      816 words
    • 1363 23  -  wouldn't be worth as much, Chinese graduates know and that's why they're hopping mad about a 'deception' By JOSEPH KAHN NYT SHENGDA College in central China has a diverse curriculum, foreign faculty members to teach English and a manicured campus, where weeping willows shade
      NYT; AFP  -  1,363 words
    • 156 23  -  LETTER TO THE EDITOR John Gollifer Head, corporate communications and investor relations Singapore Exchange Limited WE refer to the letters, "S'pore companies need to speed up payout schedules" by GN Setty (BT, June 13) and "SGX should look into firms' tardy payouts" by
      156 words
    • 713 23  -  By SARITHA RAI International Herald Tribune FOR decades, dealing with India's Customs Department meant enduring interminable bureaucratic delays and the stench of corruption. It was an unpleasant but unavoidable cost of doing business. But as import and export volumes soar and the country stakes a claim as
      International Herald Tribune; BLOOMBERG  -  713 words

  • Page 23 Advertisements
    • 103 23 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
      103 words

  • 1821 24 52-Wk Tel Last Vol Day LastQwrte GrDiv Mv GrYM Net MCap ligh Low Coda Company Sate W- 000) High Low lnyr Sa»ar Cw P<t Soil 8 1.5 3222 LKN-Primefield 5c 3.5 3.5 4 10.6 23 103 64 5 3152 LMAUSO.OIc 71 535 71.5 70.5 70.5 71 10 412
    1,821 words
  • Page 24 Advertisements
    • 35 24 Trade from 20% deposit {5 x leverage) on most stocks Go long or short Competitive financing rates in all markets Access to Asian, US, Euro stocks Select Exchange Traded Funds and Indices Competitive Commission charges
      35 words

  • 3425 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In total curr In S$ Hi USt dy yr dy Syr dy Syr Jun21 lnd«x Change Change Change Change Change Change Tht World Index 9613 0.7 -a9 0.7 -2.5 0.9 1.9 tEAFE Preliminary 955.1 0.1 -1.9 0.2 -OS 0.4 3.6 Europe Preliminary 128S.2
    3,425 words

  • Page 26 Advertisements
    • 1232 26 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination GO PRIDE RDM/ATW/BMN/TUJ/NAN SEAFRIEND CAM/NFK/SAV/NOL YOU YA VCW/LAX/MZL Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.EVB.E.A. SERVICE Destination BEL ANNA DBI/ABU/DOH/BRN/DMM/KWT Destination ASEAN EXPRESS DBI/ABU/DOH/BRN/DMM/KWT STX PO TBN INC/BSN Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER
      1,232 words
    • 636 26 pr\ PONGNmil^ Vissa (TVHTY SUN) VOY [~S» HKG KOTA HAJfTA HTM SI 2S/M M/M KOTA HADUH HU2I7 M/ 07 M/ 07 KOTAHAAMUW HMI3OI W/07 IS/17 VBSE (FVHTf SUM) VOY SOP IK 11V IK UK MUMMY 4117) IS/0* M/M 81/17 04/97 04/07 MOtUMTY ***** 02/07 04/17 10/07 11/07 11/17 MOIFOfTUK Ml
      636 words
    • 720 26 limwM* »oto Mwia ~1 VBSa/VOT tMrom HBCHKM) W6 KM LP 5 KT STUnSVWTUK 11/04 1$ 3.1 22/06 25/0* 29/04 02/07 04/07 STMnSVßmitt 12/04 IS 3.2 04/07 W/07 11/07 14/07 11/07 ISmUTSVEWTUtt ia/04 I IS I 12 20/07 2V07 27/07 02/0» 04/01 vßsa/voY [Mwromi womwi 1a sw an stp m mm
      720 words

  • Page 27 Advertisements
    • 1423 27 WAN HAI INTERNATIONAL Plf LID at Wk 146W*****/I VrrA *****1 II A I HL:*****588 (14INKS) FAX:*****163 VAN > WAN HAI I INF\ DMUm-(1MX»*****200 Y 11V lIHII llfll LIIILJ PKLIH: (13) 3346 MM FAX: |03) *****2 M PfM 1R: (04) *****00 FAX: (*****94M9 fImRMMMMH SUITH: (0311 J*****5 FAI (0311 *****14/ J*****5
      1,423 words
    • 985 27 |Tjn EASTERN CAR LINER, LTD j SPECIALIZE IN RORO t HEAVY UFT UPTO 450 TONS WTIA-ASIA sarvia I vor I R«f I IM* ISM I PCU I KUN) MOW PNM JKT ICB I MUA SUB I UTG I RTU GOLD MENAM 711 40 122 I 23/06 I HffiT" 2f/0* MAS
      985 words
    • 803 27 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS VPSB. VOT SW PJtLAMG COUMMO N. SHIVA COLOWQ liumifiui MUL HiIDL QHII QMD 2LM DZJI INDIU 6AWPHI OIOSW 11 JUL IfJUI 23 JUL 26 JUL 30 JUL FOR MAMVU ALSO ACCEPTMG TUTKORW (13/7/06) t MUNDRAI7/7/06 ALSO
      803 words

  • Page 28 Advertisements
    • 755 28 MWKM Li J IK \ru liJ W:65-*****907f0e*****917 P Qfl Nordana (Asia) rte Ltd unMvMum 70 Sh—tow Way, *21-03 Mariwo H—s* Sifpf> *****1 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATS ARE ARRIVAL PATES Stt I VOY 1 a T* of 1 Fr ltb 1 —Hsem rwlrQdwi
      755 words
    • 617 28 BeS araar ww ~wm wyg \fumu w» lsvay iifa M =&=—la l||i=^!E^=^|= mmMMMEMmm ■■bbebpdbsiip Bbp —Bk \fflm ifi? llf/tt IWI BS>I I mm -irr-=° aiz IB lauiif Itli I "III" VBSa VOY SM POtT KUN6 OCTTAfiOMG 'jlPrB PAC MAKASSAR tT/L liyL i/yL i./iu .."V .JyL .Jfo Ay. tt/04 M/ot ?/fIH
      617 words
    • 386 28 CONVENTIONAL SERVICE CHENNAI/CHTO 03 JULY COLOMBO 05 JULY BOMBAY/DUBAI 11 JULY DAMMAN 11 JULY Fm GLORY NAVIGATION GfIOUPI I I SUKi 1970 I I OWNS A OPERATES THf YOUNGEST FLEET I WITH FOURTEEN 7,000 DWT TWEEN DECKERS COVIIUNO I THE ENTIRE ASIA PACIFIC PORTS I B RIOULAJt WIIKLY SdtVKIS: IKAOHSIUNO
      386 words


  • BOOKS
    • 968 30  -  John Gribbin, who has just written his 100th book, talks to PARVATHI NAYAR about science, books, and the popular Schrodinger's Cat PARVATHI NAYAR JOHN Gribbin, popular writer of the seminal popular science book on quantum physics, In Search of Schrodinger's Cat (1984), has just written his 100 th
      968 words
    • Article, Illustration
      535 30 A fortnightly listing of the latest books available in S'pore NON-FICTION Freedom Next Time by John Pilger ($28.35) Pilger uncovers the secrets and lies that exist in our current economic system where millions are subjected to poverty. The Secrets Of Judas by James M Robinson ($35.70) Robinson takes
      535 words
    • 1312 30 POPULAR science books cover a variety of subjects from wha happens in cells deep within our body to the trajectory of stars in deep space. Such books have a strong following out there, and the reasons are varied. It could arise from a genuine interest in
      1,312 words

  • Page 31 Advertisements
    • 279 31 s Whatever your view on the finer things in life, iHffij LjHhHH||9 have it all with the HSBC Platinum card. .•v-True privilege is about having choices. With your HSBC Platinum card, you can expect nothing .;f;V I ,ess (t ,ets Y° u indulge in the best of what life has
      279 words

  • CINEMA
    • 584 32  -  The Road to Guantanamo is one of the worst indictments of how far the US has strayed from being the good guys on the international stage, says PARVATHI NAYAR PARVATHI NAYAR WITH the recent suicides at Guantanamo, the subject of The Road to Guantanamo is both a topical
      584 words
    • 311 32  -  DVD By PARVATHI NAYAR WRITER-DIRECTOR Thomas Bezucha tries to convince us without much success that bad behaviour and impoliteness are a rich vein to tap into for moments of great humour, in his Christinas family comedy The Family Stone. When Everett Stone (Dermot Mulroney)
      311 words
    • 525 32  -  By NOOR AISHA, SWATI CHAUDHARY KRRISH, the latest offering by Bollywood director Rakesh Roshan, is believed to be the first Indian movie that details the life of a superhero. The title character, played by Roshan's son Hrithik, is given superpowers by an alien.
      525 words
  • Page 32 Advertisements
    • 149 32 Dopod Enjoy Mobility I Dopod S300 A class of its own. Packs everything a mobile phone should. In 15.8mm. Sleek, powerful and versatile. The Dopod S300 encases music and video playback, push mail, mobile office and mobile organiser in a compact body just 15.8mm thin. For a seamless blend of
      149 words
  • Page 32 Miscellaneous
    • 182 32 CRYPTIC CROSSWORD misery (4) complaint (14) DOWN 8 Question worker about side- YESTERDAY'S SOLUTION 1 They are plain sounding long glance (6) Across: 1 Resistant, 6 Salvo, 9 champagne's (7) 13 Suave Edna O'Brien became Gaudier, 10 Attribute, 11 Impaled, 2 Pelt of domestic animals disorganised (10) 12 Citadel, 13
      182 words

  • ARTS/WINE
    • 1067 33  -  Debates on which is the wine of Bordeaux 2005 are exercises in futility, says N K YONG as he tastes more First Growths of that vintage N K YONG First Chateau Margaux 2005 Black-purple red, opaque. Very closed on nose initially, opened up with airing to
      1,067 words
    • 564 33  -  S'PORE ARTS FESTIVAL By PARVATHI NAYAR FOLEY opera. Live radio play. Aural theatre. It's hard to pin a label on the work titled Phobia by Australian group Chamber Made Opera. Ostensibly, Phobia is about the creation of a soundtrack to an imaginary film, but in practice
      564 words
    • 373 33  -  MUSIC By AARON LYE FORT Canning Park looks set to once again play host to throngs of music buffs as the Womad world music festival returns to Singapore for the ninth year to celebrate the best of international bands, singers and a
      373 words
    • 398 33  -  By NOOR AISHA THIS weekend, come celebrate the closing of the Singapore Artsfest with K@osmos. an award-winning production by Spanish group Puja!. "It's going to be very spectacular; the audience is going to see something very abstract and poetic," says Sara Serrano, Pujal's inter-, national representative.
      398 words

  • executive lifestyle
    • 572 34  -  off the cuff jaime ee SINGAPORE may, as the T-shirts say, be a fine city. But we are also a much maligned city, with many international surveys done to prove what unfriendly, discourteous, greedy and politically oppressed people we are. Is it any wonder then,
      572 words
    • Article, Illustration
      1285 34 CHEAH UI-HOON looks at the latest wave in the hair salon business where hairst ylists play up the celebrity angle to attract new clients IN the image-driven hair industry, it does appear that the more stars you see (and do), the better it is for business. And
      SAMOER FAIR  -  1,285 words
  • Page 34 Advertisements