The Business Times, 1 June 2007

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Microfilm: NL27733
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    19 1 The Business Time A SINGAPORE PRESS HOLDINGS PUBLICATION SINGAPORE S^efits online at http://business-times.asial.com.sg MICA (P) 202/12/2006 Friday, June 1,2007
    19 words
  • Article
    Lock icon Hotels riding on N-Day Parade fever
    574 1  -  Marina Bay-facing rooms are the hottest tickets now By VINCENT WEE [SINGAPORE] With limited tickets to this year's National Day Parade in Marina Bay, the next most coveted item is a hotel room in the vicinity with a good view of the extravaganza. Hotels
    574 words
  • Article
    Lock icon Thai Rak Thai leaders to appeal against ruling
    658 1 Thaksin says he plans to return to Thailand soon By OUR CORRESPONDENT in Bangkdk THE leaders of the once mighty Thai Rak Thai party say they will appeal against the ruling of the Constitutional Tribunal, which has ordered the party to be
    658 words
  • Article
    Lock icon MARKETS DIGEST
    149 1 BT ONLINE Access to BT Online is free after 6pm each day. But print subscribers can access our online news anytime. Call 6388-3538 to subscribe and activate your online account MARKETS Thursday Chang* KICOMP 1.346.89 >7.71 NIKKEI 225 17.87S.7S +287.49 HANG SENG 20.634,47 +340.71 SET (WP6X Pond JAKARTA
    149 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Tan Chin Tuan Mansion adds a luxury condo
      493 2  -  12 of the 16 units in the 20-storey condo will be leased out By ARTHUR SIM [SINGAPORE] Tan Chin Tuan Mansion has been restored and redeveloped to include a luxury 20-storey condominium. But most of the units will only be for lease.
      YEN MENG JIIN  -  493 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      441 2 Openness 'key to Sweden's success, growth' SWEDES have always been "early adapters" of anything that's new and have consistently worked on research and development to become a leading European exporter of quality goods. Sweden's openness to all ideas, peoples and cultures has been a key to its success,
      441 words
    • Article
      Lock icon Fed sees pickup in economy, worries about inflation
      505 2 Minutes show Fed pulled in opposite directions on rates —Bloomberg [NEW YORK! US Federal Reserve chairman Ben Bernanke is pulled in opposite directions by worries over inflation and housing, leaving him little choice other than to keep interest rates unchanged. Fed officials
      —Bloomberg  -  505 words
    • Article
      Lock icon BT's main 'source' in Prebon-BGC report was official spokesperson
      512 4 SPH maintains it took the correct position [SINGAPORE] The primary "source" used by The Business Times when reporting on an out-of-court settlement between two rival broking firms here was in fact an official spokesperson for one of the firms, the paper
      512 words
    • Article, Illustration
      Lock icon Openness 'key to Sweden's success, growth'
      463 4  -  Swedish minister holds talks here to promote trade, boost investment By GEORGE JOSEPH [SINGAPORE] Swedes have always been "early adapters" of anything that's new and have consistently worked on research and development to become a leading European exporter of quality goods. With an eye
      ARTHUR LEE  -  463 words
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      245 2 Open Tender to Build, Own and Operate Foreign Workers' Dormitory. JTC is offering an opportunity for a private sector developer to build, own and operate a dormitory for foreign workers from the marine, process and manufacturing industries. The task is to provide 8,000 foreign workers with all the comforts, amenities
      245 words
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      Lock icon Page 2 Advertisements Column 2
      117 2 Deonle Hunting season K K has begun (Target: Private Bankers) www thepdoo'eatwork con* Asia-Pao-fic. Evecutive Search Astr.d Hill 23.300 sqf $17 xM Belmont Road mm 27.300 sqf $19.xM Binjai Pk 20,300 sqf $14.xM Bishopsgate 17.000 sqf $17.xM Cable Road 36,000 sqf $30.xM Cluny Milt 16.000 sqf $18jcM East Sussex Lane
      117 words
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      2 2 Score Card
      2 words
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      334 words
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      376 4 Credit-linked to some of the world's largest financial institutions: Citigroup DBS Bank Goldman Sachs HSBC Merrill Lynch Standard Chartered Other important information The Base Prospectus dated 30 March 2006 (as amended and supplemented by the Supplementary Base Prospectus dated 27 April 2007), and the Pricing Statement dated 11 May 2007
      376 words
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      21 4 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Calf 1800 289 8822 or email notices@sph.com.sg.
      21 words
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      96 5 ivj- ■is;': v v V y- V fc, kp ii J |^^gg| ,vjA hMh Hi jdHHkt jifci^iMii^Sf^rP M ML^ f| .Mfe vv -i3&b6^^^^2s H I I I «vTOnr> 11 i v For more information visit www.porsche.com.sg One Porsche. Two adults. 1 V'v -'-^f Three children. No way? Give it a
      96 words
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  • COMPANY NEWS
    • Article
      Lock icon PSL: watch it get cranked up a lot more
      748 6  -  HOCK LOCK SIEW By TEH HOOI LING BETWEEN 2003 and 2007, crane company Tat Hong saw net profit soar from $8 million to $79 million. And during the same period, its market capitalisation rose from $90 million to $962 million. Meanwhile,
      748 words
    • Article
      Lock icon CAO to buy 260,000 tonnes of July jet fuel
      256 6 Volume down 25% from June's 355,000 tonnes Reuters CHINA Aviation Oil (Singapore) Corp Ltd (CAO) said on Wednesday it has awarded a monthly tender to buy 260,000 tonnes of jet fuel for July, at lower prices due to weaker Chinese demand.
      Reuters  -  256 words
    • Article
      Lock icon SIA at advanced stage of talks with China Eastern
      259 6 -AP SINGAPORE Airlines (SIA) yesterday said it is at an advanced stage of discussions with Shanghai-based China Eastern Airlines (CEA) on a potential transaction, although no deal has been signed. "We will provide an update to investors as soon as possible
      -AP  -  259 words
    • Article, Illustration
      Lock icon Revenue sharing way to go for Ace Achieve
      1114 7  -  Exec chairman sees 2007's full-year revenue and profits to outshine those of the previous year By BENITA AW YEONG THE recurring revenue sharing business model seems to be the way to go for Ace Achieve Infocom Ltd, a provider of telecommunications software
      1,114 words
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      158 6 .jigjStw I t% June 1 st. A world-class exchange welcomes global markets. cr DMH opens for trading online. 0" June Ist. the D.;l\v Mercantile f-vhange limited i o\lH> began finding the world s tit sit and onl\ plnsirallv barked Oman Cuule Oil Fntnies Cent-art. Alongside Ve nnong centres of London
      158 words
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      Lock icon Page 6 Advertisements Column 2
      23 6 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. ■BnMWBnnSmOT I
      23 words
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  • Page 7 Advertisements
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      400 7 GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. F *****122 N TOu jB ■H^^^Hl^l 6 fffg UOB MaxiYield is a dual currency investment that gives you the opportunity to earn potentially higher returns by
      400 words
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  • SINGAPORE NEWS
    • Article
      Lock icon ISO ***** standard for S'pore financial planners
      220 8  -  By BENITA AW YEONG SINGAPORE will be the first country to adopt the ISO ***** standard for all professional financial planners, The Chartered Insurance Institute (C1I) said on Wednesday. Other countries are considering the move, but Singapore's local standards agency SPRING has said
      220 words
    • Article
      Lock icon Learn how to make your team follow you
      490 8  -  Strong leadership is vital for improving productivity and profits: consultant By MATTHEW PHAN IT is seldom that topics as wide-ranging as anti-age-ing drugs, radio frequency identification, carbon trading, consumer behaviour and corporate leadership form part of a single presentation, and even less
      490 words
    • Article, Illustration
      Lock icon APB provides breathalysers to top night spots
      472 8  -  By CONRAD RAJ DRINK first and breathalyse .yourself later, before you drive. From now on, you can test your blood alcohol level at night spots such as St James Power Station. Ministry of Sound, and Zouk, thanks to hand-held breathalysers given by Asia
      472 words
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      133 8 CHflLUnet2Bo7 pencil Bin p v S j"\ sh i -*fa^ESS& M af^^^Nf ki >r ~1" '^V^^F73^rl«BßS^V^f^E^^ur*HEiiH?SSniM^^^l^l&iiflPtiKßf*"B -J* A 3 ■yt gJre*fgM»~v t E-' 1 Mh Igi^Pgapo/e Some 500 corporate guests will be attending W W jfl *i the Patrons' Bowl this evening at the Singapore Jml 4pHt Racecourse. The Guests-olponoif
      133 words
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      52 8 I Lianhe Zaobao I I Carryina the I I sedan cnair, I I a deer I I market*** I I Making sense of I I stock market jargon I I in China I I I I 3E*** 8 I mm*. I I mm. mm** I I sum... I I K>Tl'X
      52 words
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      40 9 Kuwait Finance House DAPICIP QTA Q Exclusive Sole lUjL Lwinn yi-jq II J-jq n 111 lZjjj liLlwll IV/ w lIaIIi International Marketing Agent H.» Pavilion Residences Show Gallery Lot 201, Jalan Raja Chulan, ***** Kuala Lumpur tel: +603 *****030 www.pavilionresidences.com
      40 words
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  • ECONOMY WATCH
    • Article
      Lock icon Philippine Q1 GDP growth fastest since '90
      364 10 Economy expands 6.9% on strong exports, higher farm output, spending Reuters [MANILA] The Philippine economy surged in the first quarter of the year, posting the highest annual growth rate since 1990 on the back of strong exports, a revival in farm output and
      Reuters  -  364 words
    • Article
      Lock icon S Korea's current account deficit hits 10-year high
      356 10 Bloomberg [SEOUL] South Korea's current account deficit widened to a 10-year high in April as imports of steel surged and dividend payments to overseas investors increased. The shortfall expanded to US$l.9 billion last month, the biggest gap since February 1997, from US$l.6
      Bloomberg  -  356 words
    • Article
      Lock icon Ex-Fed vice-chair Preston Martin dies
      7 10 Reuters (Washington)
      Reuters  -  7 words
    • Article, Illustration
      Lock icon India economy expands 9.1 % in first quarter
      628 10 India economy expands 9.1 in first quarter Quicker pace from 8.7% previously due largely to consumer demand —Bloomberg [NEW DELHI] India's economy accelerated last quarter as companies lifted production to meet surging consumer demand, driving annual growth to a two-de-cade high. South Asia's largest economy expanded 9.1 per cent in
      —Bloomberg; AP  -  628 words
  • Page 10 Advertisements
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      217 10 Club Card To^«jt6*l6 o9ao\ A WorM of ExJumvQ Privilege* Treat* Diners Club ■ppw?p, fl ;^m||PH^H^HHHHHHHMHHHHHH||H|^^^^^^^^^^H Swissotel The Stamford, Level 2,2 Stamford Road, Singapore *****2 F E SWISS Gato Negro sSjyj H% it£v| >< VhV^HK^^^PH HHW Enjoy BBQ Peking Duck through ingenious ways of cooking white meat that brings out its
      217 words
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      5 10 amm *SR| s m\ 1
      5 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Proton posts RM591.4m net loss for year
      473 11  -  Revenue plunges 38% to RM4.92b; reserves shrink By PAULINE NG in Kuala Lumpur AS expected, struggling national carmaker Proton yesterday reported a massive net loss of RM591.4 million (*****.1 million) in its fiscal year ended March 31. Proton had kept the market waiting,
      473 words
    • Article, Illustration
      Lock icon Transmile shares expected to dip on reports of irregularities
      613 11  -  Company's founder-CEO, CFO have been relieved of their duties By S JAYASANKARAN in Kuala Lumpur THE revelation that airfreight operator Transmile may have overstated its revenue by RMS3O million (Ss23B million) in 2005 and 2006 is likely to slash its stock
      613 words
    • Article
      Lock icon Semen Gresik plans new cement plant
      247 11 -Reuters [JAKARTA] Indonesia's top cement maker, PT Semen Gresik Tbk, said yesterday it plans to start building a new cement plant costing up to US$5BO million next year as it moves to crank up capacity by about 40 per cent by 2013. President director
      -Reuters  -  247 words
    • BRIEFLY ASIA
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  • GREATER CHINA
    • Article
      Lock icon Long-term investors keen on China stocks
      590 12 Recent tripling of foreign investment ceiling set to attract funds, say analysts Reuters [SHANGHAI] A tripling of the ceiling for foreign investment in China's stock market to US$3O billion is set to attract interest from long-term investors, who are keen to raise exposure to
      Reuters  -  590 words
    • Article, Illustration
      Lock icon Tax hike may engineer a soft landing
      780 12 Reuters [SHANGHAI] China's latest attempt to slow its runaway stock market might just work. The Shanghai Composite Index tumbled 6.5 per cent to 4,053.088 points on Wednesday in its sec-ond-biggest fall this decade after the Ministry of Finance tripled taxes on share transactions
      – Reuters; AFP  -  780 words
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      75 12 Si '<"- "»**s*»' ffc£+*\? •e ft WILL IT BE YOURS? NOMINATIONS NOW OPEN It vour company is home-grown, privately-owned and incorporated ißt under Singapore's Companies A< I (1004 Revised Ldilion), v\i!li three years of audited statements, submit your nomination for the 2(H)7 Enterprise ">0 Awards now. Closing date is June
      75 words
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  • INDIA/GREATER CHINA
    • Article, Illustration
      Lock icon PUFFING PERILS
      58 13 AFP [MUMBAI] A student activist smoking a mock cigarette during a skit to increase awareness about smoking-related health hazards during a function yesterday on World No Tobacco Day. Two-thirds of the planet's adult smokers live in 15 low-income or middle-income nations, nearly half of them in only five:
      AFP  -  58 words
    • Article
      Lock icon India aims for US$30b in foreign direct investments
      530 13  -  Doubling of target to come with new measures to ensure compliance By By SIDDHARTH SRIVASTAVA in NEW DELHI INDIA has doubled its foreign direct investment (FDD target this year to US$3O billion and is putting in place mechanisms to ensure foreign investors
      530 words
    • Article
      Lock icon Spice Telecom pushing on with IPO
      148 13 Reuters [MUMBAI] Spice Telecom is moving ahead with plans for an initial public offer, said a company official, adding that media reports that it would merge with larger rival Idea Cellular were speculative. Television channel CNBC TVIB said that Spice would merge with Idea,
      Reuters  -  148 words
    • Article
      Lock icon China banks to up investments abroad: official
      397 13 Amount seen to reach several billion US dollars from US$800-900m now Reu ters [BEIJING] Chinese banks will increase the amount of client money invested abroad to several billion dollars from US$BOO-900 million now under the Qualified Domestic Institutional Investor scheme, a senior banking
      Reu ters  -  397 words
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      196 13 If you are facing any of the following: You need to keep your payroll absolutely confidential. Your payroll staff are bogged down, and are bored with the routine of rushing payroll every month, and there is limited room for staff development for payroll processing functions. You or your payroll staff
      196 words
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  • MIDDLE EAST
    • Article, Illustration
      Lock icon Dubai Mercantile Exchange enters sour crude fray
      711 14 DME's month-long wait for official nod enabled ICE to make head start -Reuters [DUßAl] A Dubai exchange, backed by the US Nymex, will launch Oman sour crude futures trade today, over a week after the debut of a rival Middle East contract started
      -Reuters  -  711 words
    • Article
      Lock icon Samsung Engineering to get its biggest contract
      368 14 Bloomberg [HONG KONG] Samsung Engineering Co, South Korea's biggest engineering company, signed a preliminary agreement to build an ammonia plant in Saudi Arabia for US$946 million, its largest single contract. The factory is for Saudi Arabian Mining Co and will be completed by
      Bloomberg  -  368 words
    • Article
      Lock icon Dubai to trade first Indian rupee futures this month
      383 14 leuters [DUBAI] Dubai's new futures exchange said on Wednesday that it would begin trading the world's first contracts on the Indian rupee on June 7 to tap India's growing share of international trade and investment. Each rupee-dollar contract will represent 2
      leuters  -  383 words
    • Article
      Lock icon Iran rejects key EU nuclear demand
      236 14 -AFP [TEHRAN] Iran insisted yesterday there was no way it would agree to the key demand of Western powers over its atomic drive, ahead of talks between its top nuclear negotiator and the EU foreign policy chief. Foreign ministry spokesman Mohammad Ali Hosseini said
      -AFP  -  236 words
    • Article
      Lock icon BURSA MALAYSIA
      2378 14 VOl May 31 MM w- nm ASMRealty 2.51 unch 7 AbricBhd .028 unch t3 Advance Synergy .029 -0.01 201 AcVantaBhd 1.19 0.01 317 AeMuIti Hldgs 0J0 -0.01 49 Affln Holdings 2 35 0.03 2245 Ahmad Zaki Resou 3.00 006 45 AkCorp 0.53 unth 13 AirasiaBhd 1.96 unch 2477
      2,378 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Zoellick hailed as likely World Bank chief
      575 15 He is praised for roles in global trade talks, Darfur crisis, ties with China -Reuters [WASHINGTON] Robert Zoellick was widely hailed on Wednesday as the US choice to lead the World Bank but the former deputy secretary of state must work quickly to
      -Reuters  -  575 words
    • Article
      Lock icon Q1 growth weakest in over four years
      512 15 LATEST US DATA -Reuters [WASHINGTON] The US economy grew at its weakest rate in more than four years during the opening three months of this year as businesses sold off inventories and Americans imported more foreign goods, a Commerce Department report yesterday showed.
      -Reuters  -  512 words
    • Article
      Lock icon Russian billionaire Prokhorov launches US$17b fund
      265 15 -Reuters [MOSCOW] Russian billionaire Mikhail Prokhorov yesterday launched a new private investment fund, Unexim Group, which has US$l7 billion in assets and will focus initially on energy, nano-technology and mining. Mr Prokhorov, who is dividing his assets with business partner Vladimir Potanin, will be
      -Reuters  -  265 words
    • Article
      Lock icon Gates, Jobs make rare joint appearance at technology meet
      375 15 -AP [CARLSBAD, California] Legendary technology rivals Bill Gates and Steve Jobs made a rare joint appearance and wasted no time making nice. "Bill built the first software company in the industry," said Mr Jobs, co-founder of Apple Inc. "Bill focused on
      -AP  -  375 words
    • Article, Illustration
      Lock icon Michael Jackson memorabilia fetch thousands
      438 15 AFP [LOS ANGELES] Some of Michael Jackson's memorable and glittery clothes sold for thousands of dollars on Wednesday at a huge auction of goods belonging to the "King of Pop" and his famous musical family. A black silk jacket that Jackson wore on stage in
      AFP  -  438 words
    • Article, Illustration
      Lock icon Deutsche Telekom IT chief to quit: official
      266 15 AFP [FRANKFURT] Deutsche Telekom's IT services chief. Lothar Pauly, is stepping down, the German telecoms giant announced yesterday. The announcement came amid reports that he was fired for his possible involvement in the Siemens corruption scandal. "Lothar Pauly, the board member responsible for
      AFP  -  266 words
    • Article
      Lock icon Morgan Stanley to buy Investa for A$4.7b
      222 15 -Reuters [SYDNEY] Morgan Stanley's real estate unit said yesterday it had agreed to buy Australian real estate firm Investa Properties Ltd for A 54.7 billion (555.9 billion). Morgan Stanley Real Estate offered A 53.08 for each Investa share, a 14 per cent premium
      -Reuters  -  222 words
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  • World
    • Article
      Lock icon IBM lays off 1,570 US workers
      260 16 -Reuters [SAN FRANCISCO] International Business Machines Corp said it laid off about 1,570 employees on Wednesday in its computer services business in the United States, part of a plan to trim costs in the unit. The lay-offs bring to about 3,700 the number of
      -Reuters  -  260 words
    • Article, Illustration
      Lock icon Motorola cuts 4,000 jobs in second round
      497 16 Latest move to save US$600m a year and return company to profit Bloomberg [NEW YORK] Motorola, the world's second-biggest mobile phone maker, will cut 4,000 jobs, the second round of firings this year as the company works to return to a profit. The
      Bloomberg; AP  -  497 words
    • Article
      Lock icon Yahoo's technology chief decides to leave in wake of firm's overhaul
      426 16 -NYT [SAN FRANCISCOI Farzad Nazem, Yahoo's chief technology officer and one of its longest-serving executives, said he would leave on June 8 after 11 years at the company. Yahoo said its co-found-er, Jerry Yang, would assume Mr Nazem's responsibilities
      -NYT  -  426 words
    • Article
      Lock icon Google gears up to provide web services offline
      256 16 —Reuters [SAN FRANCISCO] Google Inc said on Wednesday that it was building web software that runs online and off to let users work remotely on planes, trains, slow dial-up connections or even the most remote locations in the world. The technology, called
      —Reuters  -  256 words
    • Article, Illustration
      Lock icon Arts pumped US$21.2b into the Big Apple's economy in '05
      580 16 The industry generated 160,300 jobs statewide Bloomberg [WASHINGTON] New York City's arts industry generated US$2l.2 billion and 160,300j0bs in 2005, proof that culture is "vital" to the economy, a new report says. Alliance for the Arts, a Manhattan-based advocacy group
      Bloomberg; AFP  -  580 words
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      641 16 JACKSPEED CORPORATION LIMITED (Incorporated in the Republic of Singapore on 15 January 1993) (Company Registration No. *****0300W) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the Company will be held at 47 Loyang Drive Singapore *****5 on Monday, 25 June 2007 at 11:00
      641 words
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  • AVIATION
    • Article, Illustration
      Lock icon China to open up key home air routes
      371 17 Three major Chinese airlines' monopoly will end by 2010 in liberalisation —AFP [BEIJING] The monopoly enjoyed by China's three major airlines on the nation's most lucrative domestic routes will end by 2010 as part of plans to liberalise the aviation industry, state
      —AFP; BLOOMBERG  -  371 words
    • Article
      Lock icon Boeing sees Airbus to emerge as strong rival
      203 17 AFP [TOKYO] European aircraft manufacturer Airbus will weather its current crisis and emerge as a very strong rival, a senior executive at arch-rival Boeing said yesterday. "Airbus will come out of this. They will come out of this a very strong competitor,"
      AFP  -  203 words
    • Article
      Lock icon Shanghai Airport shares climb 10%
      221 17 Bloomberg [BEIJING] Shares of Shanghai International Airport Co has surged by the daily limit, on speculation that the company may buy some of its parent's assets to boost profitability. The stock climbed 10 per cent to close at 37.27 yuan in Shanghai. Shanghai Airport's shares
      Bloomberg  -  221 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      613 17 CITY FUGHT ITA FUCHT ETD Abu Dhabi SW55 1230 to m to mi SQ531 0740 "j"OB ***** 0100 II A jg Bahrain 1^^^ ■*^1111 i 11 jjjj Jjjj 11 c >, ToWn 81$ Cebu mm m M[jrag MM h 1 a m m *m »g SS?aSfai
      613 words
    • Article, Illustration
      Lock icon NTSB faults airline, FAA for 2005 Miami beach crash
      778 17 Cox News Ser vice [WASHINGTON] The National Transportation Safety Board (NTSB) blamed faulty maintenance by Chalk's Ocean Airways and lax oversight by the Federal Aviation Administration (FAA) on Wednesday for the crash of a 58-year-old seaplane that killed 20 people off
      Cox News Ser vice; AP  -  778 words
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  • SHIPPING
    • Article
      Lock icon Hyundai Heavy, unit bag record ship orders
      167 18 -Bloomberg [HONG KONG] Hyundai Heavy Industries, the world's largest shipyard, and a subsidiary had a record month of ship contracts in May on rising demand for container vessels. The company's shares rose to an all-time high. Orders rose to US$3.3 billion, including US$7OO
      -Bloomberg  -  167 words
    • Article
      Lock icon Hutchison takes major stake in Yantian JV
      87 18 —Reuters [SHANGHAI] Yantian Harbour Co Ltd said Hutchison Whampoa would become the controlling shareholder of a joint terminal operator in south China after a stake sale. Yantian has agreed to sell 23.33 per cent stake in the venture, set up in late 2004,
      —Reuters  -  87 words
    • Article
      Lock icon Cargo damage: Shipper's claim rejected
      747 18  -  ADMIRALTY CASEBOOK US Court of Appeals agrees with district court's findings in a case involving Maersk By SELVA KUMAR A SHIPOWNER did not have to notify a shipper of a contractual clause in a bill of lading that extended the per package limitation in the
      747 words
    • Article
      Lock icon DP World gets nod for UK port deal
      140 18 Reuters [DUBAI] Dubai Ports World, the third-largest container port operator, said on Wednesday it has received approval from the British government for a plan to develop a harbour complex in south-east Britain. DP World said in November it was planning to invest
      Reuters  -  140 words
    • Article
      Lock icon Mainfreight eyes profit growth in double digits
      482 18 It will meet target by expanding local sales and buying overseas business Reuters [WELLINGTON! New Zealand transport group Mainfreight Ltd will target dou-ble-digit profit growth in the coming year by expanding local sales and buying overseas businesses, the company said yesterday. "That's where
      Reuters  -  482 words
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      1448 18 3 NOTICES IN THE MATTER Of THE COMPANIES ACT (CAP. 50) AND ■IN THE MATTER OF EC-ASIA DISTRIBUTION PTE. LTD. (In Member*' Voluntary Liquidation) (Co. Reg. No. *****0204 M) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of the abovenameb Compwiy duly convened and held pursuant to
      1,448 words
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      425 18 SOUTH EAST ASIA AND SOUTH ASIA/AUSTRALIA TRADE FACILITATION AGREEMENT NOTICE TO TRADE BUSINESS PLAN 2007 FROM SOUTH EAST ASIA AND SOUTH ASIA TO AUSTRALIA Member Lines of the South East Asia and South Asia Australia Trade Facilitation Agreement wish to remind the trade that the Rate Restoration (RR) effective 1
      425 words
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      192 18 STRAITS/NEW ZEALAND DISCUSSION AGREEMENT NOTICE TO TRADE BUSINESS PLAN 2007 FROM SOUTH EAST ASIA AND SOUTH ASIA TO NEW ZEALAND As part of the Business Plan for 2007, the following Member Line of the Straits /New Zealand Discussion Agreement wish to inform the trade that they will implement a Rate
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      23 18 Want the best price? Hold an auction. Call 1800 289 8822 or email notices@sph.com.sg to book your auction notice in our newspapers now.
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  • Article
    Lock icon FINANCE & COMMODITIES
    6164 19 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS In USS Hdy yr dy yr dy %yr May 30 lnd«x Chang* Change Change Change Change Change World Index Preliminary 1181.6 -0.1 7A OJ 7.9 -0.2 W) EAfE Preliminary 1188.0 -03 73 4? 7.8 -0.5 8.0 Europe Preliminary
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  • EDITORIAL & OPINION
    • Article
      Lock icon Will Zoellick face a challenger?
      512 20 EDITORIAL US President George W Bush has nominated former trade envoy Robert Zoellick to replace departing World Bank president Paul Wolfowitz but the writing is now clearly on the wall for the World Bank and the IMF. And it says that the rest of the
      512 words
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      Lock icon Bush vs Congress: a Mexican standoff
      963 20  -  Six months into the new Democratic ruled Congress, as lawmakers return to their districts for the recess, there are very few signs that the Democrats have succeeded in fulfilling their voters' expectations LEON HADAR Washington Correspondent IF you have watched a few American westerns,
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      Lock icon Chiang memorial antics reveal Taiwan split
      797 20  -  THE BOTTOM UNE FRANK CHING THE dispute over the renaming of a memorial hall in Taiwan would be hilarious if it were not for the very serious political tensions that are pitting the two main political parties against each other. President Chen Shui-bian, to
      797 words
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      Lock icon Firms must confront energy needs
      1599 21  -  Sharp increases in the cost of energy have forced heavy corporate consumers to review how they source it, pay for it and use it By CAMILLA BERENS WHEN Terry Leahy declared Tesco's intention to spend £100 million (Ss3o2 million) on developing environmentally friendly energy sources
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      Lock icon Consumers should take their cue from Ben
      647 21  -  HARISH MEHTA TAKE it from Ben Cohen, the co-founder of Ben Jerry's Ice Cream. The creator of this iconic American ice cream, available in supermarkets in Singapore, argues that the genetically modified growth hormone rBGH "is a bad and dangerous idea". The US
      647 words
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      1721 22 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination NIPHANAREE RDM/ATW/BMN/TLB/NAN STXPOTBN CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE REJiEi. SERVICE Destination Destination PAN VOYAGER DBI/ABU/DOH/BRN/DMM/KWT STXPOTBN INC/BSN PAN BRIGHT JDH/BJA lAURADA DBI/DBU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Malaysia, Indonesia Loods E. Malaysia, Indonesia OTHER SERVICES Tramping for bulk
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      513 22 lKt«Aiu goto mtm* vga/vcnr mwti hbmmw) m km lo sx jg snunssuccess 17 io 17/05 22/05 SFumniwssn 30 27/ os 31/05 03/ot 05/04 mum WOWO tfffVKa I vßsa/wr MjgjO) hbghiwq uir Isw 1 m sn> aw m I rem«i£Aoa/oio 100 s.o 12-12/05 24-24/05 nn/os 30-31/05 02-02/0* 0444/04 DKSDEH/D44 100 5.0
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      728 23 WEEKLY EXPRESS SAILING BCHEPULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS rasa yot I siw mume amum w. shba couhho iumM mji m mjmi pjM| miTM Plat BH MM WJUI m I'M mrmm mmw haw ujuw it juw wjuw hjw also accfim ki to cooci luncom t mm
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  • The Business Times Shipping Times
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      Lock icon The business Times Shipping Guide Export
      2898 24 This ETA ETA Advertiser Vessel Voyage Telephone SIN Dest n IkM Mm Mm* If Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 16/06 19/07 Dehnas URSULA DELMAS 724W *****344 16/06 27/07 Dehnas URSULA DELMAS 724W *****344 To ADELAIDE (ADL) 2007 Australia 10/06 29/06 China Shpg
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      441 24 S IRISL, (tfb® {flfaoQ to afo© Bs&fa ©cscs^te tihofeMigi'lfo MM ®tf IkrMttig) fax? 9® 3ta)lkmsJ fpoftmite to /tota® ®s (33 fts> >: (§OQO§Q Sua tftxs {fejaftssP OtfQimito &}ms* <+ SINGAPORE REGIONAL OFFICE: AGENT IN SINGAPORE: AGENT IN MALAYSIA: AGENT M INDONESIA: IDICJ mi pre Irn SINOSE MARITIME PTE LTD BOUSTEAD
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      477 24 vtssa rasa vot sm jkt wk mm mom oi/g* n/H fttmnm m\ h/h h/h Mmmmt ♦itwi *1/0* mc—aw mt is/o* is/o* M.UMH NMM n/H PAC MHIAM MM M/ 0* 22/0* HXIAWW 7MSK 03/0* X/ 04 fKIWMI 0404 17/0* W/H vtssa vgr m vtssa m SSL EH wxiurw ftoay* os/o* gy/ot
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      326 24 ItoE GLORY uinUTMM GROUpI sata I*7o i I OWNS OPERATES THE YOUNGEST FLEET WITH TWELVE 7,000 DWT TWEEN DECKERS cwmm I I THE ENTIRE ASIA PACIFIC PORTS I a KCOUUUt WEEKLY SERVICES: B IKAOHSIUNG CHINESE PORTS, HONG KONG TO A FROM I SOUn«AST ASIA I SMGAFOM IMF WOON SWFWG (S)
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  • ARTS FEST
    • Article, Illustration
      Lock icon Hot love, mad blood stoked by a stove
      965 25  -  This Lithuanian interpretation of 'Romeo and Juliet' is set in a pizzeria, reports PARVATHI NAYAR PARVATHI NAYAR #M T'S a play that focuses on I love which is the main engine of life and death," says the famous Lithuanian director Oskaras Korsunovas,
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      Lock icon It's all in the paper for him
      765 25  -  By MELISSA LWEE ONE plus one equals one. That is the maxim that composerconductor Tan Dun subscribes to when creating his works. "Different people have different values for one plus one," says the enigmatic 49-year-old who is in town for the Singapore Arts
      765 words
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      Lock icon A German flavour for choral music buffs
      496 25  -  By BENITA AW YEONG IS the local choral scene numbing your music taste buds? Are you especially mesmerised by German leiders. baroque motets and English ballads? An evening with Chor des Bayerischen Rundfunks or the Bavarian Radio Chorus, which hails from Germany, may
      496 words
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      241 25 Your Daily Guide to the Arts Festival: '<* Dreaming of Kuanyin, A. visual and musical exploration of spirituality and urban vulgarity. World premiere today. Till June 2,8pm, Theatre. Tickets $20 to $50,80 minutes (rib intermission). Optical Identity: A collaboration between homegrown T'ang Quartet and the UK's Theatre Cryptic. Has its
      241 words
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  • NIGHT OUT
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      Lock icon It's only exclusive when it's small
      735 26  -  Intimate dinner parties with a select group of guests are fast becoming an effective business tool, reports MELISSA LWEE MELISSA LWEE tm JjV HEN a certain cele- B M m brated shoe designer V m B m came to town recentV m M m
      735 words
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      Lock icon High-end Net-working dubs
      559 26  -  By AMANDA DE GUZMAN IF you thought it was cool to be part of the VIP crowd in the top clubs in town, check out the latest manifestation of exclusivity the Internet. Enter the realm of invita-tion-only Web communities if you're not one of them, don't hope
      FILE PHOTO  -  559 words
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  • Page 26 Miscellaneous
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      172 26 CRYPTIC CROSSWORD DOWN 1 rjnn't arrpnt new cause of chance is non-existent (3) Across: 1 Mississippi, 9 Chamr t (6) 16 They include one's husband pagne, 10 Along, 111nhale, 12 Re--2 Cut portion without right (6) and another male in Erin, pos- versaU3 18 3ln parts of France, rent a
      172 words
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  • CINEMA/MUSIC
    • Article, Illustration
      Lock icon A meticulously told police procedural
      686 27  -  Though a tightly constructed film about a killer, Zodiac's pace falters because it is told in the way detection-work is experienced in reality, says PARVATHI NAYAR PARVATHI NAYAR YOU don't need the twisted genius of a Hannibal Lecter or the logical brilliance of a Sherlock
      686 words
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      Lock icon Formulaic fun with no real surprises
      537 27  -  By GEOFFREY EU ONCE upon a time, there was an ugly-but-jolly green giant who met a beautiful princess. They fought at first, then fell in love and had plenty of laughs, good times and adventures to last, oh, two movies. Then the studio decreed
      537 words
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      Lock icon An adaptation that is more vanilla than noir
      331 27  -  DVD By PARVATHI NAYAR TINSELTOWN'S real-life story of actor George Reeves has all the ingredients mystery, glamour, tawdriness of the best thrillers spawned by its movie machines. However, Allen Coulter's cinematic adaptation of the Reeves story, Holly woodland, is more vanilla than
      331 words
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      Lock icon Feline adventures of the cool kind
      615 27  -  Reviewed by BEN MUNROE My Nairn is Buddy Ry Cooder Nonesuch/Warner Rating: B+ NOT known for sitting still, Gram-my-winner Ry Cooder has firmly moved on since his Buena Vista Social Club days and has released a second album of Americana, exploring his musical roots
      615 words
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  • WOMEN ON TOP
    • Article, Illustration
      Lock icon Balancing family and career
      1623 28 Give absolute attention and devotion at work and at home and never feel guilty, HMl's Gan See Khem tells CHEN HUIFEN IT TOOK about three weeks before an interview with Gan See Khem, 61, executive chairman of Health Management International (HMI), materialised. She had been on
      Yen Meing Jiin  -  1,623 words
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  • Wine
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      Lock icon The renaissance of Rioja's vineyards
      956 29 Alvaro Palacios, the angry young man of Spanish wine, tells N K YONG how he has rejuvenated the fortunes of his family's Bodega ALVARO Palacios and I were sitting on a stone bench outside a cottage in the vineyards of his family Bodega, Palacios Remondo,
      956 words
    • Article
      Lock icon Tale of the wallabee, the lion and the kangaroo
      552 29  -  off the cuff jaime ee LET me tell you a story. It is an educational one, a morality fable about the folly of ambition, branding, cultural differences and I think a dragon may also make a cameo appearance. The story, I
      552 words
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      158 29 We've delighted palates (IlK* for over a century in China. Pleased to delight you now in Singapore. K k '*Qr ~iX f. jfe x—i «t-. j|K I Tm F? I II mIUKI B I fIHHHn t 'T*?* Wmt mmi £>r?-* £<« |WOT jH ■H f I -Si ■111 j^!h imIJI
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  • executive lifestyle
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      Lock icon Homing in on the luxury
      1520 30  -  There is increasing demand for high-end home furnishings such as luxury bed linen and exquisite flooring, reports CHRISTOPHER LIM CHRISTOPHER LIM THE high-end home furnishing market seems to be on fire these days. Retailers and distributors of everything from luxury bed linen to exquisite flooring
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      83 30 I ARTS FEST A Lithuanian adaptation I of' Romeo and Juliet' 1 PAGE 25 M Singapore's most stylish and beautiful Sunday Brunch just for brunch... and (Sscover al fresco adventures and buffet vibe. Ifs very now. It's very fresh. It's very Oscar's. $108+++ wilti free flow Champagne TaitNngeK or $68+++
      83 words