The Business Times, 29 March 2007
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2007-03-29
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The Business Times
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Title Section20 2007-03-29 1 THE BUISNESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 Thursday March 29,200720 words
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851 2007-03-29 1 CONRAD TAN - Insurance sector in Singapore has some of the most negative scores By CONRAD TAN [SINGAPORE] Financial services firms here and elsewhere in Asia are shooting themselves in the foot by aggressively courting new customers then failing to meet their needs properly, says management consulting851 words
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501 2007-03-29 1 CHEN HUIFEN - By CHEN HUIFEN [SINGAPORE] World-lead-ing biotechnology firm Genentech Inc is coming to Singapore, where it will spend US$l4O million on a plant that will produce protein-based medicines, largely for the US market. Yesterday's announcement is set to boost Singapore's position as501 words
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Page 1 Advertisements
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Advertisement10 2007-03-29 1 THAILAND Military junta seeks emergency rule PAGE 17 Theßusinessof Time10 words
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Advertisement46 2007-03-29 1 US ECONOMY 009 Bernanke sees moderate EXPORTING KNOWLEDGE g* Excßptsofaspeechby NgiamTongDowc c V%i*' *****1 l 8 *****1 1 *****4 Markets Digest. Page 2 IFRA ASIA MEDIA AWARDS BT wins Silver award for watch supplement PAGE 2 COMMENTARY Was Gallant justified in not disclosing lawsuit? PAGE 446 words
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Advertisement119 2007-03-29 1 tHjM COMPANIES h A new game plan at Metal Component PAGES OIL Prices surge to six-month high PAGE 14 Price gap between prime, central disricts narrows vfe. IkJl M 4|Sf- -Y w JK %Jl^^Wbll£. WESm .Tjjv tfw" ii II %?£H'' WmMfoMmt* HnBK^J A pnp- JPHK^^H You never actually own a119 words
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TOP STORIES
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648 2007-03-29 2 AMIT ROY CHOUDHURY - It slips in WEF rankings as Denmark, Sweden take top spots By AMIT ROY CHOUDHURY [SINGAPORE] Singapore has slipped down a notch to become the third most technologically networked country in the world, according to a report from the World Economic Forum. As648 words
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Article132 2007-03-29 2 Dsn 3301.75 (-32.36) ST INDEX FUTURES 3,202.00 (-32.00) SIMSa ***** (-4.14) SIMSa FUTURES 393J0 (-6.80) MARKETS Wednesday Change KLCOMP 1,235.24 -11.93 NIKKEI 225 17,254.73 -110.32 HANG SENG 19,553.87 -152.92 SET INDEX 669.04 -9.53 JAKARTA COMP 1,800.39 -19.27 MANILA COMP 3,162.81 -11.94 SEOULCOMP 1,439.74 -13.49 SHENZHEN 520.75 40.98 MUMBAJIND132 words
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Article, Illustration539 2007-03-29 2 CHUANG PECK MING - MTI's 2nd perm sec was not a scholar when he joined Admin Service By CHUANG PECK MING [SINGAPORE] He failed to win a government scholarship because his marks weren't hot. But Ravi Menon still got into the civil service and has climbedTERENCE TAN/THE STRAITS TIMES - 539 words
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Article, Illustration470 2007-03-29 2 DANIEL BUENAS - By DANIEL BUENAS (SINGAPORE! The Business Times won a prestigious Silver prize at the Asia Madia Awards 2007 last night, for its annual watch supplement published in August last year. BT won in the Best in Newspaper Supplement Award category for papers with470 words
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Article605 2007-03-29 2 Talk of DBS bid for S Korean lender KEB resurfaces SPECULATION is building up again that DBS Bank may make another bid to buy Korea Exchange Bank (KEB). The Singapore bank is said to be putting together a multinational investment group to acquire KEB, South Korea's Korean Chosun605 words
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509 2007-03-29 3 WONG WEI KONG - S'pore bank forming multinational investment group to buy KEB: report By WONG WEI KONG [SINGAPORE] Speculation is building up again that DBS Bank may make another bid to buy Korea Exchange Bank (KEB), one of the few remaining targets for foreign banks509 words
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466 2007-03-29 3 ANNA TEO - 60% of employers struggle to find right people: survey By ANNA TEO [SINGAPORE] Accountants and engineers have joined sales people at the top of Singapore employers' "most wanted" list the hot jobs employers say they have the most difficulty filling. Close466 words
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Page 2 Advertisements
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Advertisement113 2007-03-29 2 lj I I iTHE MONETARY AUTHORITY OF SINGAPORE^ Tenor Approximately 5 years I a 111 V- v •**<■ Total Amount Allotted SGD 2,900,000,000 I Amount Allotted to I I Non-Competitive Applications SGD 464,786,000 I Of which allotted to MAS SGD 200,000,000 I Total Amount Applied SGD 6,189,812,000 I HHi^H Coupon113 words
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Advertisement9 2007-03-29 2 DeODle Do we know you? (Register with us today)9 words
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Page 3 Advertisements
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Advertisement95 2007-03-29 3 United States and Peru putting sales sons. A related Manpower Inc study jobs Number One on their wish list. predicts the global talent crunch will Rosa Goh, director and country grow more acute and more widemanager of local subsidiary Man- spread across more jobs over the next power "As was95 words
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COMPANY NEWS
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846 2007-03-29 4 MICHELLE QUAH - HOCK LOCK SIEW By MICHELLE QUAH ABT report this week, publicising previously undisclosed news that Gallant Venture's Indonesian subsidiaries have been sued over a substantial plot of land on Bintan Island, triggered a 9 per cent tumble in the company's share price. This846 words
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311 2007-03-29 4 DANIEL BUENAS - By DANIEL BUENAS LABROY Marine has won two contracts worth 283.6 million euros (*****.3 million). taking its outstanding order book to about $2.2 billion. The contracts to build two heavy lift jack-up vessels for a new Norwegian customer were secured through wholly311 words
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425 2007-03-29 4 SIOW LI SEN - 12-mth target price $3.20; up to 8.9% rise seen in revenue By SIOW LI SEN STARHUB's high yield has found another fan. Yesterday, Standard Poor's Equity Research initiated coverage on the telco with "buy" recommendation, citing its continued ability to return cash to shareholders and425 words
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Article, Illustration313 2007-03-29 5 TETTYANA JASLI - Totalling 253 m yuan, 1 project is in Jiangxi, 3 in Jiangsu By TETTYANA JASLI HYFLUX has secured four water-treatment projects worth 253 million yuan (5549.7 million) in China. The projects, won through wholly owned subsidiary Newspring Utility Pte Ltd (NUPL), includeARTHUR LEE - 313 words
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305 2007-03-29 5 PROPERTY WATCH Reuters FRASER Neave (F&N), brewer of Tiger beer, is in talks to enter the Indian real estate sector, a company official told Reuters yesterday. F&N, which already owns a brewery in India through its Asia Pacific Breweries unit, said it was focusingReuters - 305 words
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Article, Illustration486 2007-03-29 5 ARTHUR SIM - By ARTHUR SIM WING Tai Asia will roll out at least three new residential launches over the next few months including two on recently acquired collective sale sites. Helios Residences on the former Phoenix Mansion site at Cairnhill Circle will be launched in486 words
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Article529 2007-03-29 5 WEE LI-EN - Group focuses on profit margins; worst is over, says CEO By WEE LI-EN THE worst is over for Metal Component Engineering (MCE), chief executive officer Chua Kheng Choon says. The company, which makes precision metal tools such as parts for cars and computers, racked529 words
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218 2007-03-29 5 KALPANA RASHIWALA - By KALPANA RASHIWALA MAINBOARD-listed All green Properties has emerged top bidder for a 99-year leasehold site in Handy Rd near The Cathay with an offer of $72.3 million or $669 per square foot per plot ratio. llie 38,600 sq ft site, near218 words
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496 2007-03-29 4 WONG WEI KONG - By WONG WEI KONG CROSS-BORDER issuance volumes for securitisation in Asia, excluding Japan in 2007, are expected to match that of 2006, with Singapore and South Korea remaining the two most active markets in the region, according to Fitch Ratings. In its recently published496 words
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Page 4 Advertisements
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Advertisement258 2007-03-29 4 Regus Ready-to-use offices Regus makes it easy for you to open an office instantly: Offices staffed and equipped ready-to-go Quick move-ins and move-outs Upsize or downsize as your business needs d Pay-as-you-go for services and meeting rooms Flexible terms to suit your needs 'Offer valid until 30th April 2007 on258 words
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Page 5 Advertisements
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Advertisement1395 2007-03-29 5 ASIA WATER TECHNOLOGY LTD. Jf (Incorporated in Singapore with limited liability) AhWW/ (Co. Reg. No: *****0042R) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of ASIA WATER TECHNOLOGY LTD. ("the Company") will be held at OCBC Centre, Peach Garden The Executives' Club, Level 33,1,395 words
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SINGAPORE MARKETS
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Article, Illustration562 2007-03-29 6 R SIVANITHY - STOCKS ST Index's loss of 32 points in line with regional weakness is a reversal of Tuesday's rise R SIVANITHY Senior Correspondent IF TUESDAY'S 30-point jump in the Straits Times Index was due to early window-dressing as was suggested by some sources, then couldSource: Bloomberg - 562 words
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Article, Illustration888 2007-03-29 6 SECURITIES TRADING SCOREBOARD MAW SOQ TOTAL U» P— WO U» PWI WKh UB Down Utfc Multi Ind 1 11 5 0 10 1 12 5 Manufacturing 47 103 49 15 10 15 62 113 64 Commerce 16 42 20 4 6 5 20 41 TptfitofComms 9 14 16 0 2888 words
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Article, Illustration918 2007-03-29 6 R SIVANITHY - Compiled by R SIVANITHY ASLMMtt March 28 dose: $0.97 TOPPING up the record order book and moving up the value chain: ASL's record shipbuilding order continues to power ahead with new orders worth $164 million secured. The seven-vessel order consists of six rotor togs and one pipe-laying vessel to918 words
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Article, Illustration280 2007-03-29 6 CURRENCIES Reuters [LONDONJ The yen rallied and highyielding currencies fell yesterday as investors became more risk-averse after being rattled by a knocked-down rumour of conflict between the United States and Iran. The geopolitical jitters prompted a sharp spike in the oil price and fallsReuters; BLOOMBERG - 280 words
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COMPANY NEWS
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Article, Illustration222 2007-03-29 7 PAMELA CHEW - By PAMELA CHEW BREADTALK Group is placing out 34 million new shares at 36 cents each to raise net proceeds of about $11.79 million. The placement, through Kim Eng Securities, is subject to the in-principle approval of the Singapore Exchange. The bakeryFILE PHOTO - 222 words
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263 2007-03-29 7 JANICE HENG - By JANICE HENG CHINA Yuanbang Property Holdings Limited yesterday lodged its preliminary prospectus with the Monetary Authority of Singapore to list on the Singapore Exchange's main board. The Guangzhou-based property developer was silent on how much it hopes to raise but Reuters reported263 words
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Article185 2007-03-29 7 OCT takes stake in CapitaLand'sfund CAPITACOMMERCIAL Trust (CCT) has taken a 7.4 per cent stake—US$20 million—in CapitaLand's first and largest Malaysia private real estate fund, the Malaysian Commercial Development Fund. C K Tang issues profit warning for H2 RETAILER C K Tang yesterday issued a profit warning for185 words
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395 2007-03-29 7 ANGELA TAN - IPO WATCH Specialty store chain lodges prospectus, plans to issue 20m shares By ANGELA TAN TRAVELITE Holdings Ltd yesterday lodged its preliminary prospectus with the Monetary Authority of Singapore, with plans to offer 20 million shares for a Sesdaq listing. Led by executive chairman Thang395 words
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Page 7 Advertisements
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Advertisement66 2007-03-29 7 i if i a p m a i v M«lirtHi|j— Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate planning. For further information and immediate service please contact: Angela Nicolson OFFSHORB CORPORATE SIRVICIS 1 Raffles Place, *21 -0166 words
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Advertisement227 2007-03-29 7 'W V '■-> 4 **•****>•*"' WHIRL I. IJ f fca GLOBAL BUSINESS SUMMIT for the environment V• 19-20 APRIL 2007 I SHANGRI-LA HOTEL SINGAPORE The world environment is at a tipping point Rapid economic growth and industry are major contributing factors to global warming and its effects are unstoppable. B4E,227 words
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SINGAPORE NEWS
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266 2007-03-29 8 HALF the complaints lodged with the Financial Industry Dispute Resolution Centre (FIDRec) were against life insurers and just under a third were against banks and finance companies. Yesterday. FIDRec issued a report on its first 10 months of operation. It handled 493266 words
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Article, Illustration525 2007-03-29 8 BENITA AW YEONG - By BENITA AW YEONG SINGAPORE is willing to work with Indonesia on the environmental concerns it gave as reasons last month when it banned the export of sand, but Indonesia has not responded, said Minister for National Development Mah Bow Tan yesterday on525 words
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349 2007-03-29 8 ARTHUR SIM - IR talking with Spring, NTUC to source SMEs By ARTHUR SIM JOBS in the hotel and F&B areas of Genting International's Resorts World at Sentosa will make up only about half of the 10,000 direct jobs it plans349 words
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464 2007-03-29 8 SAMUEL EE - By SAMUEL EE SINGAPORE will set up a Precision Engineering Centre of Innovation to help small and medium-sized enterprises take full advantage of growth opportunities in the manufacturing sector. Minister of State for Trade and Industry S Iswaran announced this yesterday at464 words
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Article, Illustration348 2007-03-29 8 ARTHUR LEE - By ARTHUR LEE SPORTS is big business, as was demonstrated by the 200-or-so people who attended last night's CEO networking session on the power of sports business organised by the Singapore Sports Council at the National Stadium. According to estimates by Pricewaterhouse Coopers in SportsARTHUR LEE - 348 words
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Article139 2007-03-29 8 Batey wins Cycle Carriage account ADVERTISING agency Batey has won a contract with Cycle Carriage Automotive, a Mitsubishi Motors franchise. Under the agreement, Batey will handle all the advertising and online communications for Cycle Carriage's account in Singapore. The company, which spends about $2.2 million a year on139 words
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146 2007-03-29 8 TOP golfers stand to win a luxury vehicle at the Charity Golf 2007 Tournament organised by the American International Assurance Company (AIA) in aid of the Singapore Cancer Society (SCS). Two such cars are available. AIA is offering a Mitsubishi Lancer146 words
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288 2007-03-29 8 IF outgoing A*Star chairman Philip Yeo has his way, Spring Singapore could move into Fusionopolis when phase two of the icon for physical sciences research is completed. A move would place the agency—which champions small and medium enterprises (SMEs) —closer to the288 words
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447 2007-03-29 8 MICHELLE QUAH - NKF TRIAL David Tan's inconsistencies 'a reasonable inference invoice was not truthful' By MICHELLE QUAH FORMER National Kidney Foundation (NKF) chief TT Durai has failed in his attempts to get the corruption charge against him dismissed. District Judge Aedit Abdullah ruled yesterday that447 words
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SINGAPORE INTERNATIONAL
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Article, Illustration1239 2007-03-29 9 CHUANG PECK MING - Region's vast oil and gas reserves offer a lucrative market for S'pore firms to provide back-up services, reports CHUANG PECK MING CHUANG PECK MING LATIN America is not a region one normally associates with oil and gas. But the spike in energy prices in recent yearsFile Photo - 1,239 words
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Article, Illustration679 2007-03-29 9 SINGAPORE-BASED Keppel Offshore Marine ventured to BraziHn Latin America seven years .ago because it wanted to be near its customers. Except there were no customers to begin with for Keppel FELS Brasil, the joint venture company it set up. "There was no contract onFile Photo - 679 words
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Page 9 Advertisements
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Advertisement42 2007-03-29 9 Thumb*. 12 Aprl V' I I Address IE Singapore Semmarßoom Hp vSK *30 Victoria Street #07-00 Bugs Junction Office "fomiir imo*4 1 K| Grow Your Overseas Business with Us Organised by Main Sponsor Strategic Partner B*[ HSBC<» The world's local bank Singapore42 words
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Advertisement8 2007-03-29 9 Ill] rsssr* 1 The Business Times SIHGAPOftf Sktgjpon8 words
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ECONOMY WATCH
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465 2007-03-29 10 Bloomberg [SINGAPORE! China's failure to curb investment may lead to overcapacity and falling prices, turning its expansion into a "curse", the Asian Development Bank said. The economy has expanded at least 10 per cent for the past four years, boosted by exportsBloomberg - 465 words
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Article2373 2007-03-29 10 VOL Wr» *t- (1891 AftMRealty 1.60 unch 0 AbricBhd 033 0.01 326 Acp Industries 1.75 -0.05 798 Advance Synergy .038 -0.01 5657 AdventaBhd 034 -0.01 10 AaMuMHMp 0.35 0.01 193 AHmHoidngt 238 -0.06 1766 Ahmad ZafciRasou 253 0.02 25 AfcGorp 0 58 0.01 214 AniiN 1.73 latch *****2,373 words
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386 2007-03-29 10 Tech firms, varsities in bid to promote 'service science' NYT [NEW YORK] A group of large technology companies, universities and professional associations is creating a new organisation to promote research into ways that technology can increase productivity and innovation in the economy's service sector.NYT - 386 words
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Article216 2007-03-29 10 NYT (WASHINGTON] Prospects for congressional approval of several pending trade pacts received a surprising lift on Tuesday when Democrats in the House proposed a series of revisions that won guarded praise from both organised labour and the Bush administration. The Democratic proposals would requireNYT - 216 words
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Article280 2007-03-29 10 Companies need not obtain permits for 338 products from April 1 Bloomberg [BEIJING] China is easing rules for companies to buy a wider range of products including steel, plastics and machines from abroad, in an effort to encourage imports and reduce the country's record tradeBloomberg - 280 words
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Article, Illustration436 2007-03-29 10 But they will host forum on ways to lessen future problems as more people default Reuters [WASHINGTON] The US banking industry is generally insulated from the subprime mortgage crisis for now, US regulators said on Tuesday as they planned to hold a forumReuters; REUTERS - 436 words
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MALAYSIA/INDONESIA
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385 2007-03-29 11 Instrument aimed at helping them to manage short-term cash flows Reuters [KUALA LUMPURI Malaysia yesterday unveiled a new way. of helping Islamic banks manage their shortterm cash flows, designing a form of interbank credit based on commodities trade. Islamic finance is a newReuters - 385 words
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Article191 2007-03-29 11 Reuters [JAKARTA] Indonesia's finance minister yesterday said the country's gross domestic product is expected to expand by 6.8 per cent next year, while inflation is seen at 6 per cent. Sri Mulyani Indrawati told reporters the government expects the rupiah to stabilise at aroundReuters - 191 words
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BRIEFLY ASIA
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32 2007-03-29 11 Bernama [KUALA LUMPUR] Malaysia's gross domestic product is expected to grow at a healthy 6 per cent in 2007, a pace the country expects to sustainBernama - 32 words
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32 2007-03-29 11 Reuters [BRUSSELS] Lakshmi Mittal, chairman of Arcelor Mittal, yesterday denied market talk his firm was interested in bidding for French seamless steel tube specialist Vallourec.Reuters - 32 words
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184 2007-03-29 11 AFP [KUALA LUMPUR] Malaysia'* Transport Minister Chan Kong Choy has denied a report that Malaysia and Singapore have approved construction of a bullet train Unking the two countries, saying the plan is still being mulled. ""Hie government has still not madeAFP - 184 words
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Article, Illustration285 2007-03-29 11 [KUALA LUMPUR] Deputy Prime Minister Najib Tun Razak says the government may not be able to meet the end-March deadline in naming a strategic partner for Proton Holdings Bhd. "We might miss it but it doesn't matter," he told reporters after delivering285 words
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Page 11 Advertisements
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Advertisement43 2007-03-29 11 BE 1 I [TTI WEARNES Terms and conditions apply. Price is inclusive of 2ON interest rebate, with 90* and 10-year loan from financing bank. m*LM AUTOMOTIVE 26 Leng Kee Road Singapore 1 ***** Tel 6471 331 3 Specifications may vary from car featured.43 words
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GREATER CHINA
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222 2007-03-29 12 Move aimed at reducing volatility and boosting investor confidence Bloomberg [BEIJING] China plans to alter the rules for halting stock transactions on the Shanghai and Shenzhen exchanges, introduce circuit breakers to reduce volatility and preserve investor confidence in the market. Stocks with gyratingBloomberg - 222 words
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135 2007-03-29 12 AP [BEIJING] China has found a huge offshore oilfield that could become the energyhungry country's biggest new oil source in a decade, a state news agency said yesterday. The scale of the discovery, if confirmed, would be welcome news to Beijing,AP - 135 words
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Article, Illustration635 2007-03-29 12 JANE MOIR - Fall comes despite inroads into pay TV market mobile arm's solid growth By JANE MOIR in Hong Kong THE resignation of PCCW group managing director Jack So Chak-kwong following an apparent boardroom rift with Richard Li Tzar-kai failed to distract investors from aBLOOMBERG - 635 words
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Page 12 Advertisements
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Advertisement191 2007-03-29 12 *.1 7 I'- Jt; n~fi fibo/'-.ti... *"**s( J tdHJTlill-. l£U<»N »to OMltlftb.* Iff! They help m er HKV 44 requires skilled workers to deliver high quality products. That's why we ensure the skills and experience our older workers well-harnessed and passed on to younger II L Results? The company's A191 words
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INDIA
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202 2007-03-29 13 AP [MUMBAI] Throw Indian and American soldiers into a barren Afghanistan desert, toss a nuclear warhead into the hands of terrorists and you have an action-packed plot in the latest graphic novel to be released by Virgin Comics. Created by graphicAP - 202 words
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Article, Illustration426 2007-03-29 13 Reuters [MUMBAII Half a century ago, Renault and Mahindra Mahindra Ltd failed to get off the ground a venture to make a cheap car for the local Indian market priced at a princely US$l5B. Nowadays, that might buy you a set ofReuters; AP - 426 words
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353 2007-03-29 13 Delhi says HK firm raked in big gains from investment in Hutchison Essar Reuters [MUMBAI] India's tax department is claiming about US$l.9 billion in capital gains tax from Hong Kong's Hutchison Telecoms on the sale of its stake in its Indian unit toReuters - 353 words
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Page 13 Advertisements
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Advertisement52 2007-03-29 13 RIMOWA Sale Now On the LUGGAGE shop #01-78 Millenia Walk Tch 6837 0340 Business Hours: 10.30 am 9.30pm #03-42 Meritus Mandarin Hotel Shopping Gallery 333 Orchard Road Teh 6535 4008 Business Hours: 10.30 am 7.00pm the Luggage shop is managed by The Pinnacle Distributors Pte Ltd Res No.: *****1601 M52 words
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Advertisement336 2007-03-29 13 USA! °$838f 4 'V t i? y" V Y" <: y Fly ANA's daily morning flight from Singapore to USA (via Narita) and enjoy true value. Not only is transit time reduced significantly, prices are slashed to give you more value for your money. ANA now has two daily flights336 words
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MIDDLE EAST
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Article, Illustration713 2007-03-29 14 Rumours of dash between US and Iran lead to spike in prices Reuters. Bloomberg. AP [SINGAPORE] Oil was up around US$2 yesterday after a brief US$5 spike caused by a late Tuesday rumour, quickly dismissed by the US, that a US naval vessel hadReuters.; Bloomberg.; AP; Source: Bloomberg; REUTERS - 713 words
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Article4804 2007-03-29 14 UNIT TRUSTS FUNDS MM Am* AM Mgt (S>m| 1* SttrEuopeM 1.1(1/ StaEurapM 12» sarM»H|BE(nr iJW SOiMM 1315/ SWAsi Maori 1.094/ SHrGtobalTadMlo*FBtf~ 0209/ MtfStM OJ* SHMWUII 0*7/ GfcMjMStUSO 1.168/ Asa Bond FdA *****/ Asa Bond Fd 8 542/ AsaTnEq&FdA 8576/ Mad) FdA 1174/ CM#dA 1(237/ CoraumaDkFdA (6.4/ GnmrtoMA (331/ EastfuiEqaHAEUR 382(3/4,804 words
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Page 14 Advertisements
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Advertisement28 2007-03-29 14 Allianz Global Investors one of the world's largest asset managers with more Allianz than US$l.2 trillion assets under management as at 31 December 2006. ciobai investors Investmens opportunities28 words
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Advertisement2339 2007-03-29 15 BUI G. K. GOH HOLDINGS LIMITED (Company Registration No. *****0184 D) hhm (Incorporated in the Republic of Singapore) GOH NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eighteenth Annual General Meeting of G. K. Goh Holdings Limited (The Company") will be held at Ballroom 2, The Fullerton2,339 words
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Advertisement2573 2007-03-29 15 Cats Notices IN THE MATTE* Of THE COMRAMES ACT, CAP. 50 AND IN THE MATTER OF SINGAPORE JUKEN SANGVO PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) CO. REG. NO. *****2126G NOTICE IS HEREBY GIVEN pursuont to Section 308(1) of the Companies Act, Cop. 50, that a Final Meeting of the Mwnbtn2,573 words
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Advertisement199 2007-03-29 15 In the motor of The Companies Act, Cap. 50 And In the Matter af I) YEOW KWAN CONSTRUCTION PTItJD {Company No. *****1182K) 2) WO HOC CONSTRUCTION PIE LTD (Company No. *****2667Z) (Incorporated in the Republic of Singapore) MnmrF to r»mm»< r>F mpftiMr. Nolo* it hereby given, pursuant to Section 296199 words
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Advertisement1403 2007-03-29 16 THE BANK OF NOVA SCOTIA Not*: AH figures quoted in Conodian (Incorporated in Canada with Limited Lability) dcflon (millions) except per shore omounh I CONSOUDATED BALANCE SHEET CONSOUDATID STAnMENT Of INCOME I A» at Octobor 31 Fw yeer en*4 October 31 ASSETS 2006 2005 MIBSSTMCOME 2006 2005 H Cosh resources1,403 words
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Advertisement2879 2007-03-29 16 MANDATORY CONDITIONAL CASH OFFER By CIMB-GK SECURITIES PTE. LTD. (Company Registration No: *****1621 D) (Incorporated in the Republic of Singapore) for and on behalf of TAT HONG HOLDINGS LTD (Company Registration No. *****5392H) (Incorporated in the Republic of Singapore) for KIAN HO BEARINGS LTD (Company Registration No *****2030N) (Incorporated in2,879 words
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ASIA-PACIFIC/WORLD
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Article, Illustration425 2007-03-29 17 AP [WASHINGTON] US Federal Reserve chairman Ben Bernanke told Congress yesterday that growing troubles in the market for risky mortgages thus far do not appear to be spreading to the overall US economy, which was likely to grow at a moderateAP; REUTERS - 425 words
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214 2007-03-29 17 Bloomberg [TOKYO] Sanyo Electric Co, which forecasts a third year of losses, named Seiichiro Sano as president, marking the first time the company will be run by someone outside the founding lue lyMr Sano will be president from April 2,Bloomberg - 214 words
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336 2007-03-29 17 LATEST US DATA Reuters [WASHINGTON] Orders for US-made big-ticket items were weaker than expected in February as the economy hit hard by troubles in the housing sector set off the year at a slower pace, a report showed yesterday. New ordersReuters - 336 words
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9 2007-03-29 17 Bloomberg (Frankfurt)Bloomberg - 9 words
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634 2007-03-29 17 OUR CORESPONDENT - Move sparks rumours that another coup may be in the offing By OUR CORESPONDENT in Bangkok THAILAND was last night abuzz with rumours that there could soon be another coup after the country's military junta called for a state of emergency in Bangkok following634 words
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Page 17 Advertisements
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Advertisement1737 2007-03-29 17 Cats Notices IN THE MATTER Of THI COMPANIES ACT, CAP. 50 AND IN THE MATTER OF COLEMAN FUND MANAQCMENT PTE LTD (REO. NO. *****47V0Z) (INCORPORATED IN SINGAPORE) At on Extraordinary General Meeting of the obovenamed Company duly convened and hold at 60S Orchard Road, #06-18 The AtriumOOrchard, S(*****1) on the1,737 words
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AVIATION
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Article, Illustration448 2007-03-29 18 VEN SREENIVASAN - But lata data also confirms softening airfreight market extending 8-month growth downtrend Reports by VEN SREENIVASAN [SINGAPORE] The global aviation industry continues to remain robust with international passenger demand growing 6.8 per cent year on year in February, up from 6.1 per centAP - 448 words
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416 2007-03-29 18 [SINGAPORE] Premium class air passenger traffic started 2007 on a positive note. According to the International Air Transport Association (lata), international premium traffic grew 4.5 per cent year on year in January, maintaining a pattern of continuous steady growth over the past two years.416 words
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226 2007-03-29 18 TAMARA MOHANAN KUPPUSAMY - Course approved by European Aviation Safety Agency By TAMARA MOHANAN KUPPUSAMY (Singapore) dividual aerospace technicians and engineers to approve work done on Euro-pean-registered aircraft, thereby widening the scope of jobs for which they are qualified. ATTC's offer of these internationally recognised226 words
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239 2007-03-29 18 Bloomberg [SINGAPORE] Cathay Pacific Airways Ltd's margins at its cargo business, which accounts for about a quarter of sales, are being squeezed as competition from other carriers depresses rates from China. "The cargo side looks troubling," said chief operating officer Tony Tyler, setBloomberg - 239 words
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261 2007-03-29 18 AFP [SYDNEY] Credit Suisse yesterday became the third institutional investor in as many days to reveal it had taken a significant shareholding in Australian airline takeover target Qantas. The Swiss investment bank said it had built a 5.39 per cent stake inAFP - 261 words
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Article2227 2007-03-29 18 OTT WJ«MT IT* MB «TI» aaar SO268 1750 8A7382 2230 AF8087 1(20 QFS2 2230 BA7381 1820 LH9770 2345 i OTi mp 5QjW &*•> *T7r SQ53° KSSSm *****1 0630 AZ3993 22« SQ323 0630 KL838 2245 AZ3992 1555 L***** 2345 *1837 1555 ***** 2345 'all AC5203 0645 —mm2,227 words
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Page 18 Miscellaneous
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Miscellaneous155 2007-03-29 18 CRYPTIC CROSSWORD pro|>osal DOWN (9) Across: 1 Philippines, 9 Old c 16 Travelling to open air perfor- flames, 10 Naomi, 11 Pass on, 12 2 For example, fiction about mance(9) Crackpot, 13 Regime, 15 Bluebell, Llj /m 17 Drink on account of French Dominion, 19 Assess, 21 Ex--3 Dnnk beer155 words
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SHIPPING
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Article, Illustration454 2007-03-29 19 DONALD URQUHART - 20-year concession to run port to be inked in May, says Philippine partner By DONALD URQUHART [SINGAPORE] PSA International looks to have bagged its first South American terminal after Ecuador's Guayaquil port authority awarded a 20-year concession to a strategic alliance between454 words
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352 2007-03-29 19 Reuters [HOUSTON] India's Varun Shipping Co Ltd is expected to order 11 new ships from South Korean shipyards after April 1, with a fleet expansion budget of US$6OO million, a company official said late on Sunday. "The Indian financial startsReuters - 352 words
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363 2007-03-29 19 Reuters [PARIS] A crippling strike at the strategic Fos-Lavera oil hub near Marseille entered its third week yesterday, threatening fuel supplies to French motorists and gasoline exports to US markets. The Fos-Lavera is the world's third-biggest port for oil products with 64.2 million tonnesReuters - 363 words
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Article223 2007-03-29 19 Reuters [COPENHAGENI Danish shipping and oil group AP Moller-Maersk posted a 19.4 per cent drop in 2006 net profit, in line with forecasts, mainly due to falling container freight rates. Net profit fell to 16.2 billion Danish kroner (554.4 billion), compared to a mean forecastReuters - 223 words
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Article, Illustration127 2007-03-29 19 Bloomberg GREENPEACE International said its ship Esperanza, which tracked Japan's whaling fleet as it harpooned whales earlier this year in the Southern Ocean near Antarctica, isn't able to enter port in Tokyo. Greenpeace's port agent withdrew its services as a result of what theBloomberg; AP - 127 words
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227 2007-03-29 19 Bloomberg [BEIJING] STX Shipbuilding Co received an order to build six bulk carriers, the largest type of vessel from the South Korean yard, as it seeks to take on bigger rivals. The ships, with a combined value of US$47O million. will eachBloomberg - 227 words
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10 2007-03-29 19 Reuters (Washington)Reuters - 10 words
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Page 19 Advertisements
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Advertisement133 2007-03-29 19 ■iflD -ASIA Hid M NEW Uj MARITIME HORIZONS 2-4 APRIL 2007 SUNTEC SINGAPORE An extensive networking event incorporating a series of high-level conferences, an international exhibition, and technical workshops It's YOUR time AAI n QDOMQODQ This is YOUR SHOW Jefferies□ &PSA See and be seen at I AXSMARINE WA9 A133 words
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EDITORIAL & OPINION
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Article558 2007-03-29 20 EDITORIAL THE implementation of the risk-based capital framework for the insurance industry is surely a good thing. It frees up insurers from the confines of a prescriptive framework for asset and liability management, leaving them free to manage capital according to their risk profiles and558 words
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Article, Illustration761 2007-03-29 20 ANTHONY ROWLEY - THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent "SHOCKING" is not a word that would normally be applied to Asian Development Bank reports, except perhaps by those sensitive enough to be dismayed by poverty statistics. Yet, it is rather jolting to read in ADB's latest761 words
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Article, Illustration1194 2007-03-29 20 SOUMITRA DUTTA IRENE MIA - Leadership and human capital are critical to make technology bring about transformation By SOUMITRA DUTTA IRENE MIA CONVENTIONAL wisdom seems to point out that the truly innovative actors in a society tend to be people, institutions and governments endowed with the blessings of wealth,REUTERS - 1,194 words
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Article, Illustration2447 2007-03-29 21 The following is excerpted from a speech by NGIAM TONG DOW at CPFB's Learning Forum yesterday. He was chairman of the CPF Board from 1998 to 2001. THE CPF, established in 1955, was structured on the assumption of life-long employment. It was a self-funding contributory2,447 words
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Page 21 Advertisements
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Advertisement224 2007-03-29 21 Diners Club Card To apply, cJiMitwso A Wort Aof Exclusive Privileges Treats Diners Club 60 Reasons To Feast Again Savour delectable dishes in our popular '60 Dishes Deluxe Feast' such as Braised Shark's Fin Soup with Crabmeat. Shredded Pork with Garlic Sc Chilli Sauce, Chengdu Diced Chicken with Spicy Bean224 words
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Article10830 2007-03-29 22 SGX MAINBOARD Transaction date: Mar 28 52 -m Tal Last Vol Day ftqae>a Mv GrVM Hal HCa Wtgfc law Cod* Company Ma W- fm M0i I— Bayer 5<fc Car Hi tat 35 15 5716 1st Software 2 suu tl 115 6 3148 BTetecom... 10 .0 5 131 1010,830 words
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Page 22 Advertisements
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Article7262 2007-03-29 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES toi local curr In SS In US$ dy *yr *dy *yr %dy %yr Mar 27 Index Change Change Change Change Change Change World Index Preliminary 1120.6 -0.S 1.8 -0.6 1.1 -0.5 2-3 EAFE Preliminary -03 2.6 -03 23 -03 3.6 Europe Preliminary 1528.37,262 words
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Page 24 Advertisements
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Advertisement806 2007-03-29 24 UK CONTINENT SERVICE U.IA SERVICE f— ~N Destination Destination YORDAN LUTIBRODSK RDM/ATW/BMN/TLB/NAN AURORA SAPPHIRE CAM/NFK/NOi/SAV Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE EEJS.EJL SERVICE Destination Destination PAN BRIGHT DBI/ABU/DOH/BRN/DMM/KWT /~\i u-y ti I /MAW IKI^"/dckj PAN DYNAMIC ADN/JDH/BJA UUU*. IU WW IINWB^N VOYAGER V DBI/ABU/DOH/BRN/DMM/KWT Loads806 words
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Advertisement494 2007-03-29 24 IS DONGNAMA MWE| VESSa (EVBTSIM) VOY SOP MS KOTAHMTA HTM7I 01/ M 05/04 ROTAMDUM HU2SS 00/041 11/04 vßsadVßYsw) voy w wn in m mm MOIIMBTY 7IIIS 01/04 OS/14 99/04 10/04 12/04 MOirotTlM ***** 00/04 12/04 14/04 17/04 If/M vbsbqvbyrq vor lsor m nc iisn pus SMMOfiSHM TOM 04/04 12/04 IT/04494 words
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Advertisement369 2007-03-29 24 llfilf WWWW WALLENIUS WILHELMSEN LOGISTICS wtbsHt: http://www.2wglobfll.tom VBSa ¥0T tS I—lff IK MO VM Ml Off UMBUM U7ll SNhM MlI 17/14 OMT 11/05 IS/OS 11/tS It/OS TWO <1711 4201 M MM 17/14 0«T If/OS 24/05 27/05 25/05 |ttUMUM A 7714 320 Mb 00/0$ 10/05 01/00 12/00 14/04 14/04 Now I369 words
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Page 25 Advertisements
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Advertisement1356 2007-03-29 25 WAN HAI INTERNATIONAL PH LTD a NO: 14M*****00/I VTrA UIAU mi iuph 10:*****588 (14INKS) FAX:*****163 V\\M WAN HAI I |NF\ C*»«rS«ita/lookh9»DHctlk.-(1100)*****200 V IIV Willi I Iftl hllvbi# ntnmUMMNUtmSSnSMIPMIIiMBIimNUbMSWMf V JOHIH: (07) 251WZ3 HU: (07R51W21 5W It (031) 32*5475 FA* (Ml) 17*1714/ *****15 www wanhai torn to *T Tfc 1021) *****1,356 words
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Advertisement981 2007-03-29 25 IVlitfL V6V m 1 faN kwt bXi UA bMM jg *h6 KAN BAAIAEI KUI92 04/04 05/04 14/04 17/04 11/04 34/04 26/04 21/04 KAN SATTARI KUI93 09/04 10/04 19/04 22/04 23/04 29/04 01/0S 03/05 KAN TAIATAAAII KUI94 16/04 17/04 26/04 29/04 30/04 04/08 04/05 10/05 IVtSW VOY I SIN I NH»981 words
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Advertisement446 2007-03-29 25 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS rasa wr mi raw commc nam eouwo mwi om nmu am m m MM im mm mow ant 11 in uut mmmm mi mw I iiwi huh iinw nut M»*ggwwwiw<Ba^w»(nM»w*(w*a)iawc>/wiMMU(wtia«»«) ■mii mvaouam oawnNumiKM nW leE____JS! ESL446 words
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THE BUISNESS TIMES SHIPPING TIMES
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5299 2007-03-29 26 This ETA ETA A*/srtlssr Vessel Veyege Talsphsnc SM Desfn Nsnw Nam Number Naebsr lb ABU DHABI (AUH) 2004 U. A. Emirates 07m 21/0* SO SCI DfYA 713W *****355 1604 30/04 SO EMIRATES KANAKO 714W *****355 To ADELAIDE (ADL) 2007 Australia 0104 27/04 China Shpg5,299 words
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BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
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Article, Illustration573 2007-03-29 27 WINSTON CHAI - By WINSTON CHAI YELLOW Pages is putting a new technology twist to its age-old slogan "let your fingers do the walking". Instead of flipping through the pages of a thick directory, consumers will be thumbing the keypads of their mobile phones to find573 words
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351 2007-03-29 27 By AMU ROY CHOUDHURY GERMAN software major SAP has launched a course to train students in industry best practices in the area of enterprise resource planning (ERP). According to Eric MacDonald, SAP's South East Asia president and CEO, the course which is supported351 words
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Article, Illustration763 2007-03-29 27 WINSTON CHAI - By WINSTON CHAI HONG KONG Broadband Network (HKBN) has stationed an engineering team in Singapore as part of its preparations for the race to build Singapore's next Internet highway. The Hong Kong-based operator is eyeing its flagship overseas foray by bidding for763 words
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Article, Illustration868 2007-03-29 27 AMIT ROY CHOUDHURY - Software vendor to work with partners to address needs in 30 industry segments, writes AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY ENTERPRISE software vendor Oracle, along with more than 50 of its partners, is launching a new portfolio of 80 industry-specific applications for small868 words
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Page 27 Advertisements
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Advertisement75 2007-03-29 27 'Technology has become a matter of necessity than choice today.' —Katherine Lee, Oracle's Asean GMfor the Applications Channel Radio 100.3 is interested to contact the viewers of ex-Channel UTalkshow "A ASS" listeners of radio Talkshow "fti&ISI". Please tune in to Radio 100.3 on Mondays, Wednesdays Fridays, 7pm to Bpm. mS/MiS75 words
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Page 28 Advertisements
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Advertisement2210 2007-03-29 28 Trsjc Trek 2000 International Ltd NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Trek 2000 International Ltd (the "Company") will be held at 30 Loyang Way #07-13/14/15, Loyang Industrial Estate, Singapore *****9 on Friday, 20 April 2007 at 10.30 a.m. for the following2,210 words
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Advertisement2913 2007-03-29 28 >AT^ N OT ICES In lit* Matter of TK« Companies Ad, Cap. 50 And In the Matter of EWctrocatotytk Pioduch Pit Lid (Company No. *****9714 D) (In Members' Voluntary Liquidation) Notice i» hereby given that at an Extraordinary General Meeting of Deiliunjtulylii Products Pte Ud deemed to hav been held2,913 words
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Advertisement351 2007-03-29 28 M THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF •MOMATION PHARMACEUTICALS BOUSTKY BfTERNATIONAL PRNATE LTD (M MEMBERS' VOLUNTARY UQUGATION) Company's RegisMon Numkar *****6070R) At an Extraonßnaty General Meeting of 8w sbovenemed Company duly convened and held at 101 A Upper Croea Street *11-22 Peapiet Part351 words
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PROPERTY
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366 2007-03-29 29 ARTHUR SIM - Demolitions for redevelopment to exceed scheduled supply in 2007: DTZ By ARTHUR SIM THE shortage of new office space is exerting increased pressure on rents, resulting in their rising by almost 30 per cent in some areas. New benchmarks were also achieved366 words
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267 2007-03-29 29 KALPANA RASHIWALA - By KALPANA RASHIWALA THE Fairy Point Hill site in Changi launched by the Urban Redevelopment Authority for development into a recreational club, hotel or chalets could fetch about $45 million or $250 psf of potential gross floor area based on a267 words
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619 2007-03-29 30 KALPANA RASHIWALA - Price-spread shrinks tol%in 2005-06 from 7% in 2004, says DTZ By KALPANA RASHIWALA THE gap between the average selling prices for private apartments and condos achieved by developers in the traditional prime districts compared with emerging central districts narrowed to just one per cent in619 words
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1685 2007-03-29 30 PROJECT NAME/ PROP CONTRACT TENURE BUHJ-fflAREA PRICE PSF STRgT NAME TYPE DATE (SQFQ CS$ 000) (St) District 1 NON-LANDED The Sail O Marina Bay Apt 07/03/2007 99 $14 952 1 551 The Sail •Marina Bay Apt 01/03/2007 99 689 8471,685 words
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Page 29 Advertisements
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Advertisement205 2007-03-29 29 ill -W m/// The Grange The Metz Floor Area: Approx 1.765 sq ft Devonehlne Rd ctl. B c^ r ,th cLcf Penthouse 2-storey Face South-East roof terrace with jacuzzi Call Alison Lee 9188 9908 Floor Area: Approx 3,197 sq ft 4+l Bedroom One Tree Hill Residence Next to Somerset MRT205 words
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Advertisement155 2007-03-29 29 A|% PRIME COMMERCIAL HOME OFFICE DEVT. m* m b 8 Storey Building mjk Strata-tided units Double-height ceiling —nJifc GFA approx. 76,500 sq ft STRATEGIC LOCATION J HjM 5-mins to Suntec Crty# Beach Rd Camp Tender Site DTL *1100 Lower Delta Road Fully refurbished 4 storey industrial cum office building 5155 words
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Advertisement199 2007-03-29 29 FOR SALE IBHBHI BY TENDER ■iiaiiUUU|Xi!ilJH Kyittuwil THOMSON MANSIONS PRIME FREEHOLD RESIDENTIAL SITE (DISTRICT 11) u 374 Thofn on 008(1 \\-CHU(TPY) TOaP |KB Convenient Access to PIE Jln'Toe Pavoh Weal Luxury Boutique Redevelopment 7 Land Size: 17,445 sq ft \FStF li Ptot R-to: 2.8 jW JO/ Build up to 36-storey199 words
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Page 30 Advertisements
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Advertisement187 2007-03-29 30 BISHOPSGATE PRIME DEVELOPMENT SITE FOR SALE BY TENDER Fjfew""" *2-50 Bishopswalk J?i Large land sizeBdtwi 7> <<TkngNn«Mi nJSS!Tt« y approx. 69,189 sq ft High Comm y\QS. As Ty d<f HoW 1 Plot Ratio 1.4 rour MMont J Prestigious and serene J /I/ neighbourhood ideal for r^^ZT super luxury development irpMteMons187 words
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