The Business Times, 5 June 2007

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Total Pages: 30
1 30 The Business Times
  • 24 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBLICATION Tuesday, June 5,2007 SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 202/12/2006 i W Vf* f**
    24 words
  • 896 1  -  Corporate purchases of private units also at new peak By KALPANA RASHIWALA [SINGAPORE] Companies and foreigners upped their share of caveats lodged for private home purchases in the first quarter of this year, according to an analysis of caveats by estate agents DTZ
    Source: URA Reuters, DTZ Research, May 2007  -  896 words
  • 586 1  -  Talk of stake sale makes rounds but SGX shrugs it off By WEE LI-EN [SINGAPORE] Rumours flew thick and fast yesterday that one or more international rivals may be eyeing a stake in the Singapore Exchange, pushing its shares up almost 10 per cent
    586 words
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  • TOP STORIES
    • 551 2 But most other Asian markets shrug off fall to close higher Reuters, AP [SHANGHAI] China's main stock index tumbled 8.3 per cent yesterday in its second biggest drop this decade, extending big losses suffered last week after the government hiked the share trading tax
      Reuters,; AP  -  551 words
    • 210 2 -Bloomberg [BEIJING] China may scrap a 20 per cent tax on interest on bank deposits to encourage saving over share speculation, economists and state researchers say. The move may come if the stock market rebounds from a 16 per cent plunge
      -Bloomberg; AFP  -  210 words
    • 133 2 sn 3,***** (+31.03) ST INDEX FUTURES 3,584.00 (+30.00) siMsa 441.16 (+3.80) SIMSa FUTURES 442.40 (+3.30) MARKETS Monday Change KICOMP 1.360.27 +0.2 NIKKEI 225 17,973.42 +14.54 HANG SENG 20,729.59 +126.72 SET INDEX 770.61 +16.68 JAKARTA COMP 2111.75 +27.43 MANILA COMP 3.622.94 +75.59 SEOUL COMP 1.737.59 +21.35 SHENZHEN B 609-28
      133 words
    • 736 2  -  This is the first time it is working on a JV with India, Kuwait By MICHELLE QUAH [SINGAPORE] Singapore has agreed to a US$llO million (Ssl6B million) deal, for a new petrochemical facility on Jurong Island, with parties from India and Kuwait marking the
      736 words
    • 383 2 Thai GDP forecast cut on consumer spending woes THAILAND'S official economists have cut their forecasts for economic growth because of slowing consumer spending, despite reporting better-than-expected growth figures for the first quarter. GDP for the first quarter grew by 4.3 per cent, thanks to the robust growth in
      383 words
    • 684 3  -  By OUR CORRESPONDENT in Bangkok THAILAND'S official economists have cut their forecasts for economic growth because of slowing consumer spending, despite reporting better-than-expec-ted growth figures for the first quarter. Ampon Kittiampon, sec-retary-general of the National Economic and Social Development Board (NESDB), a
      684 words
    • 545 3  -  Absolute amount to-date hits US$1.9b;HK's slips to US$11.9b By WEE LI-EN [SINGAPORE] Singapore has taken a larger share of initial public offer proceeds in the Asia-Pacific this year, while Hong Kong's share has slipped, according to Thomson Financial. Proceeds here reached
      545 words
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  • Page 3 Advertisements
    • 175 3 BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account, log on to http://business-times. asial .com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. Muscle that's felt, not seen. It's performance in a new light, The new generation E-Class has arrived. Experience pure
      175 words

  • SINGAPORE MARKETS
    • Article, Illustration
      940 4 SECURITIES TRADING SCOREBOARD MAIN SIX) TOTAL Up Pomni Undi Up Down UiKfc Up Down Until Multi Ind 8 4 5 1 0 0 9 4 5 Manufacturing 95 49 67 17 8 22 112 57 89 Commerce 31 21 24 4 7 7 35 28 31 T pt/S tor/Com ms
      940 words
    • 533 4  -  STOCKS STI touches new high; in China, investors continue to be spooked by rumours of capital gains tax CONRAD TAN Reporter THE Straits Times Index (STI) rose to a new high yesterday, closing 31.03 points or 0.9 per cent higher at 3,579.35 points. The
      Source: Bloomberg  -  533 words
    • Article, Illustration
      970 4  -  Compiled by UMA SHANKARI Indofood Agri Resources June 4 close: $1.26 CREDIT SUISSE, June 4 THE proposed acquisition of London Sumatra (LSIP) removes CPO supply risks for Indofood Agri Resources (IFAR) while creating one of the largest oil palm plantations, with a planted oil palm area of 138,081 ha
      Source: Bloomberg  -  970 words
    • 798 4 CURRENCIES —Reuters [LONDON] The dollar kept within sight of an eight-week high versus the euro and neared a 4'A-year peak against the yen yesterday, after robust US jobs data last week trimmed expectations for a Federal Reserve interest rate cut this year.
      —Reuters  -  798 words

  • COMPANY NEWS
    • 461 5 Bloomberg [VANCOUVER] Singapore Airlines Ltd, in talks to buy a stake in China Eastern Airlines Corp, sees "potential" in the carrier, said chief executive Chew Choon Seng. "The promise is there. It's a question of rising to the challenge," Mr Chew said on
      Bloomberg; FILE PHOTO  -  461 words
    • 425 6  -  IPO WATCH By MATTHEW PHAN DUTECH Holdings, a Chi-na-based manufacturer of high-security safes which could be used in the growing number of ATMs is seeking an SGX listing, having lodged its preliminary prospectus with the Monetary Authority of Singapore yesterday. Dutech derived the majority
      425 words
    • 504 6 —Reuters KEPPEL Corp, the world's top offshore oil drilling rigs maker, said it may look to snap up Asian shipbuilding yards in several years when it expects a glut in capacity to depress asset prices. Choo Chiau Beng, chief executive of Keppel
      —Reuters  -  504 words
    • 490 6 Reuters SINGAPORE Petroleum Co (SPC) is looking for acquisitions of up to US$65O million to boost limited oil and gas assets, with a target to lift production to 150,000 barrels per day (bpd) to feed its refinery. SPC could pay up to
      Reuters  -  490 words
    • 155 6 Reuters THE controlling shareholder of listed snack-maker Want Want Holdings is seeking an $850 million bridging loan to finance his bid for the company's outstanding shares, a source said yesterday. Tsai Eng Meng, who is also chairman of the Taiwan-based food and beverage
      Reuters  -  155 words
    • 463 7  -  But this may limit payment options, for consumers, says Case By JANICE HENG ADMINISTRATIVE fees must be raised for Nets to remain attractive to card issuers, Poh Mui Hoon, the chief executive officer of the electronic payments company, told reporters yesterday.
      ARTHUR LEE  -  463 words
    • 491 7 SGX appoints chief operations officer THE Singapore Exchange has appointed Muthukrishnan Ramaswami, 49, as chief operations officer from July 1. He was previously chief information officer at Citigroup's global consumer banking division. Informatics names new chairman INFORMATICS Education has appointed Abu Hassan Othman to its board as non-executive
      491 words
    • 347 7  -  By LIN ZHAO WEI ELECTRONIC parts maker Brilliant Manufacturing, which is now seeking a voluntary delisting, yesterday announced a loss in the second quarter ended March 31 due to lower sales, higher operational expenses and plant and equipment write-offs. Its
      347 words
    • 119 7 Reuters SOFT drinks conglomerate Fraser Neave Ltd is expected to sell $300 million in five-year bonds over the next few weeks, sources said yesterday. The bonds will be part of a $2 billion multi-currency medium-term note programme announced earlier this month. DBS Bank,
      Reuters  -  119 words
    • 449 6  -  Queensland board will recommend offer higher than rival bidder's latest By CONRAD TAN OLAM International said yesterday that it is still "monitoring developments" after its latest bid for Queensland Cotton was countered by a new offer from rival bidder Louis Dreyfus last Friday.
      449 words
    • 920 5  -  HOCK LOCK SIEW By R SIVANITHY HAREHOLDERS of home shopping retailer Gems TV must be feeling bewildered and no small number despair at how quickly mmr things have turned sour. Here was a stock that, when it was listed last November, was touted
      Source: Bloomberg  -  920 words
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  • Page 6 Advertisements
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      454 words

  • SINGAPORE NEWS
    • 400 8  -  Tie-up covers both programming and marketing fields By AMANDA DE GUZMAN THE arts in Singapore and Scotland were yesterday brought closer together, with a strategic alliance between the Singapore Arts Festival (SAF) and the Edinburgh International Festival. It should see artistic collaboration and
      400 words
    • SINGAPORE ROUNDUP
      • 78 8 THE Urban Redevelopment Authority (URA) yesterday said it has awarded a 2,373 sq m hotel site at the corner of Tanjong Pagar Road and Gopeng Street to Hong Kong tycoon Li Dak-sum's Carlton Group, after it put in the top bid of $123
        78 words
      • 54 8 THE Ministry of the Environment and Water Resources announced that the President's Award for the Environment 2007 is now open for nomination. Members of the public are invited to nominate outstanding individuals, organisations and companies who have made significant contributions to Singapore's efforts to achieve
        54 words
      • 42 8 THE Ministry of Foreign Affairs announced the appointment of Calvin Eu as Singapore's first Ambassador to the Kingdom of Bhutan, resident in New Delhi. He is also Singapore's High Commissioner to the Republic of India.
        42 words
    • 293 8  -  By MATTHEW PHAN SIEMENS Water Technology's new research centre in Singapore represents a fundamental shift in the group's thinking, the centre's newly appointed director, Ruediger Knauf, said. Although the German conglomerate already has 15 water-related research centres worldwide, the centre in Singapore, which opened
      293 words
    • 421 8  -  By VINCENT WEE SINGAPORE is playing a leading role in the development of water technologies and these efforts have been given a boost with the announcement of the Lee Kuan Yew Water Prize which will be awarded next March. The prize is
      421 words
    • 187 8 BUSINESS between companies in Singapore and Ukraine was yesterday put on a more established basis, with two memoranda of understanding signed between the East European country's International Chamber of Commerce (ICC) and the Singapore Business Federation (SBF) and the Singapore International Chamber of Commerce (SICC).
      187 words
    • 181 8 SINGAPORE signed a memorandum of understanding on culture and information with the State of Kuwait yesterday. The aim is to enhance exchanges in culture and information between the two countries and help start media exchanges between both countries' radio. TV and press. The exchanges
      181 words
    • 219 8 THIS year, the Singapore Police Force hosts the 27th annual Asean Chiefs of Police (ASEANAPOL) Conference. From June 2 to 7, Asean police chiefs and respective designates will discuss and exchange views on the latest developments in law enforcement and transnational issues. High on
      219 words
    • 534 8  -  Hong Leong to invest $7.5 m in a 'creative learning' firm By DANIEL BUENAS PROPERTY tycoon Kwek Leng Beng has made his first foray into the education business after the Hong Leong Group, through a subsidiary of its City e-Solutions Ltd (CES), yesterday announced
      FILE PHOTO  -  534 words
    • 420 8  -  Plantation Resources will tie up with UK firm for work in Myanmar By MATTHEW PHAN SINGAPORE firm Plantation Resources (PRPL) will cooperate with UK-based Sindicatum Carbon Capital (SCC) to identify and develop projects in Myanmar qualifying for carbon credits saleable under the Kyoto
      FILE PHOTO  -  420 words

  • SME SPOTLIGHT
    • 1044 9  -  SMALL CAPS Sunpower to focus more on its energy saving and environmental protection systems business, reports NANDE KHIN NANDE KHIN SUNPOWER Group Ltd, a Nan-jing-based provider of heat transfer products and solutions, wants to ride on the green wave in China by focusing more on its
      1,044 words
    • 997 10  -  JANICE HENG follows the rapid growth of the soyabean chain JANICE HENG T* here can be little confusion between the two Mr Beans of popular renown. One Mr Bean is the name taken by a rubber-faced comedian who appeals to the child in
      FILE PHOTO; YEN MENG JIIN  -  997 words
    • 353 10  -  By JANICE HENG A CREDIT card company is pressing for more owners of small and medium-sized companies to use its corporate cards, saying that as well as improving cashflow they can offer information and transparency. Peter Gordon, vice-pres-ident of commercial payment solutions for Asia-Pa-cific at'
      353 words
    • 951 11  -  Urbane Spaces takes oh the niche market of design-centric properties, reports CHARMIAN KOK CHARMIAN KOK STEPPING into the two-storey shophouse represented by local real estate agency UrbaneSpaces, one immediately feels the striking difference in the design and ambience. UrbaneSpaces' owner Hajar Ali describes the
      YEN MENG JIIN  -  951 words
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    • 188 9 m««MO SINGAPORE t J k' With control over your global market trades in FX, FX Options, CFDs, Futures and ifc Si. Equities, our award-winning multi-product trading platform gives you: Ilk, V Real-time pricing, rapid execution and valuation of your holdings '*|J|L Unique customizable view-Multiple financial assets on one screen Comprehensive
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  • Page 10 Advertisements
    • 1816 10 Cats Notices TRANSIT-MIXED CONCRETE LTD iJJJJj* (Incorporated In The Republic Of Singapore) Company Registration No. *****2587H NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the twenty-seventh annual general meeting of Transit-Mixed Concrete Ltd will be held at Connaught Room, Level 2, Carlton Hotel, 76 Bras Basah Road, Singapore
      1,816 words
    • 734 10 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF SIEMENS FIRE SECURITY PRODUCTS PTE. LTD. (Company Registration No. *****2736K) (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 that the Final Meeting
      734 words

  • Page 11 Advertisements
    • 72 11 IWißn Nominations are Open Nomination forms for the President's Award for the Environment are available at: http://www.mewr.gov.sg/presidentsaward and NEA and PUB Customer Service Centre, Environment Building, 40 Scotts Road #02-00 Nominations close at 6pm on 31 July 2007. For enquiries, please contact the President's Award for the Environment Secretariat at
      72 words
    • 695 11 RaboJet Certs Series 1 will be launched on the Singapore Exchange Securities Trading Limited (SGX) on 7™ June 2007. Linked to the share price performance of DBS Group Holdings Ltd, Capita Land Limited, Singapore Telecommunications Limited and Singapore Airlines Limited Daily lock-in feature with a maximum rate of return 1
      695 words

  • ECONOMY WATCH
    • 492 12  -  Signs of faster GDP growth tempered by fears of cheap money fuelling bubble economy By ANTHONY ROWLEY in Tokyo CORPORATE capital investment in Japan soared to its highest level ever in the first quarter of this year, pushing up estimates of how fast
      AFP  -  492 words
    • 379 12 April shipments miss forecast; fullyear outlook intact Bloomberg I KUALA LUMPUR] Malaysia's exports grew less than expected in Apneas weaker overseas demand saw shipments of electronics decline for a third straight month. Overseas sales increased 0.9 per cent from a year earlier to 46.1
      Bloomberg  -  379 words
    • 274 12 -Reuters [LONDON] Major European institutional investors have called on this week's Group of Eight summit in Germany to give clear direction on tackling global warming and pave the way for new world negotiations at a UN meeting in December. The Institutional Investors
      -Reuters  -  274 words
  • Page 12 Advertisements
    • 378 12 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
      378 words
    • 21 12 IftTeal Lianhe Zaobao I Brathei? Hidings' I $1.2b project I Singapore I |Cit»@ I I Shenyang I 1 I2fcflit, JSti-JSi* l®nn|^o^|rjyi
      21 words

  • MALAYSIA
    • 395 13 [KUALA LUMPUR] TA Enterprise Bhd will list its real estate investment trust (Reit) in Singapore by the year's end with an initial fund size of around RMI.2 billion (*****.4 million), said a report in The Starßiz newspaper. It cited executive
      395 words
    • 425 13  -  By PAULINE NG in Kuala Lumpur MALAYSIA'S corporate earnings for the first quarter of 2007 were respectable but less exciting as there were fewer positive earnings surprises compared to previous quarters. Depending on the universe of coverage, 79-85 per cent of companies matched
      425 words
    • 584 13  -  Deal being hammered out at New York meeting: industry execs By S JAYASANKARAN in Kuala Lumpur THE on-again, off-again tie-up between Malaysian national carmaker Proton Holdings and Germany's Volkswagen may at last happen, with a deal possible in New York as early as
      AFP  -  584 words
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  • GREATER CHINA
    • 530 14 But company denies it's in talks with Esprit, Fast Retailing or Inditex Bloomberg [HONGKONG] Shares of Giordano International Ltd surged 11 per cent after a newspaper reported three global apparel chains are seeking to buy a stake in the Hong Kong-based clothing
      Bloomberg  -  530 words
    • 2445 14 vol J tin 4 RM COOP) ASM Realty .2.68 0.12 96 Abric Bhd 0.30 0.01 16 Advance Synergy 0.29 unch 317 AdventaBhd 1.19 unch 101 AeMuIti Hldgs 0.30 unch 187 Affin Holdings .2.30 -0.03 779 Ahmad ZakiResou 2.98 0.02 34 AicCorp .0.54 0.01 6 Airasia Bhd 1.98 -0.04
      2,445 words
    • 488 14 Market for luxury goods expanding 10-20% annually —Reuters [SHANGHAI] Fancy a dia-mond-encrusted mobile phone for US$3.5 million, or a gold-plated, musical Swiss watch costing more than US$2 million? Those luxuries, and thousands like them, were on display at a weekend Millionaire Fair in
      —Reuters; AFP  -  488 words
    • 292 14 Reuters [HONG KONG] The Government of Singapore Investment Corp (GIC) will buy a stake worth up to U5534.6 million in the upcoming US$3OO million Hong Kong IPO by RREEF China Commercial Trust, according to a term sheet. RREEF, the real estate
      Reuters  -  292 words
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    • 136 14 Diners Club Card To appffr ca*****6 0980 I A World of Exclusive Privileges Trecfts Diners Club wwuxJiners.com.Mo International- m ®KiL#S Answer: LCGCNPS GARDCN THE LEGENDS W FORT CANNING PARK fit (f 11 Canning Walk Singapore *****1 Tel: 6333 9979 www.legendsfortcanning.com r• xv r V Delhi Restaurant y A V 60
      136 words

  • India
    • 340 15 The Eco nomic Times [NEW DELHI] Corporate marriages in foreign shores may need to seek the blessings of India's competition regulator, if the merged entity has assets exceeding five billion rupees (*****.9 million) or turnover of more than 15 billion rupees in
      — The Eco nomic Times  -  340 words
    • Article, Illustration
      56 15 [NEW DELHI] Indians seeking refuge from the scorching heat cool themselves under a fountain at theAppu Ghar water park on Sunday. A torrid heat wave buffeted north India with mid-summer temperatures soaring above 45 degrees Celsius in some cities, forcing urban denizens to scurry for shade
      AFP  -  56 words
    • 433 15 HIGHER sales and other income combined to help India Inc report its highest net profit growth in the last three years in the 2006-07 financial year. A total of 1,700 companies that have declared their results so far have reported a
      433 words
    • 511 15  -  The idea is to draw investment in agriculture and modernise it By By SIDDHARTH SRIVASTAVA in New Delhi AFTER Special Economic Zones (SEZs) for industry, New Delhi is now looking to set up huge new "food parks" to modernise India's
      511 words
  • Page 15 Advertisements
    • 221 15 I 11 I i il»l i ill 11-M i lli 11 MM 1111 »1 U<<li 111-T4 lIIVIRH BliP lpiil^HPHH9Pfli££fzZ_ZZZz > nisi ,iUm——im r BBB^r-i ITTV II 111 T 1 jilllHi 1? HHHJHHiiSEi HVn r rh>k "^iiHBT3Tt II imBW i —airline industry ITW Airline of the Year Sinflaporti QfoHyo Slngppor> mT
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  • MIDDLE EAST
    • 533 16 Lenders there need to combine in order to compete and also to beef up staff —Reuters [ATHENS] Banks in the Gulf states are waking up to the challenges of global competition and are more likely than ever to seek merger opportunities in
      —Reuters  -  533 words
    • 401 16 -Reuters [ABU DHABI] Abu Dhabi will showcase companies including its largest bank in London and New York this month to encourage foreign investment in the Gulf s best performing bourse, the emirate's exchange said on Saturday. Eleven companies, including
      -Reuters  -  401 words
    • 2267 16 UNIT TRUSTS FUNDS AS bmp nan gl EUB... 73/ DWSNoaGfcEqSaiaAUSP *****/ RM«GMto«MKru» 132* MC HrtM* M* MM Ul 9-UtM*«SMUB* ttAMf r,u lad*. IJJtWJip lAmjt OfamM— IWM ABEisoplixwnrAEUII 131 OWSNuoGBi in 1U»T/ AM, Am Ctart J5C 14J* SgtrfltMiM IJWJJB7 Of- US AWNMI MOV fruaiftHOIg t]U1 *1J1 IftWGnMM \Mm ABEiwpiMBia* 13) owsNwuacrtSkaAusD
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  • ASIA-PACIFIC/WORLD
    • 551 17 He pledges to maintain editorial independence at Dow Jones Reuters, Bloomberg. LATWP [NEW YORK] News Corp is willing to go further than it has before in acceding to tighter safeguards of editorial independence as a condition of buying Dow Jones Co, The Wall
      Reuters,; Bloomberg.; LATWP  -  551 words
    • 238 17 Reuters [ZURICH] American Express is expected to sell its private banking business within weeks, said a source familiar with the matter. The sale of the New York-based credit card and travel services company, if confirmed, appears consistent with a worldwide trend
      Reuters  -  238 words
    • 355 17 LATEST US DATA -AP [WASHINGTON] Orders to US factories posted a weak-er-than-expected gain in April as declines in demand for cars, planes and boats offset strength in business investment. The Commerce Department yesterday reported that factory orders increased by 0.3
      -AP  -  355 words
    • 714 17  -  By NANDE KHIN SIGNS are pointing to a soft landing for the global economy, but there is still a risk of a more abrupt adjustment towards slower growth that can bode ill for developing countries, said two World Bank economists yesterday. However, they
      714 words
    • 835 17  -  By ANTHONY ROWLEY in Tokyo JAPAN has almost certainly fallen short of its much-publicised target for doubling inward foreign direct investment (FDI) over the five years from 2001 to 2006, official figures likely to be published soon
      835 words
  • Page 17 Advertisements
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      199 words

  • AVIATION
    • 448 18  -  Expansion will help link Australian cities with points in Asia, says its CEO By LYNETTE KHOO [SINGAPORE] Tiger Airways, the budget airline subsidiary of Singapore Airlines, said it has received the operating permit from the civil aviation authority in India to fly between
      BLOOMBERG  -  448 words
    • 373 18 -Bloomberg [SEOUL] Korean Air Lines Co, South Korea's largest carrier, plans to set up a low-cost unit to compete with budget airlines that are gaining market share in Asia. The unit will start operations within three years, the Seoul-based airline said in
      -Bloomberg  -  373 words
    • 457 18 Reuters They seek to recoup wages they gave up during lean times [WASHINGTON] The biggest US airlines, struggling to cement their shaky recovery, face a rising challenge from angry unions looking to recoup billions in wages and pensions lost since 2001. But labour
      – Reuters  -  457 words
    • 136 18 Reuters [DOHA] State-owned Qatar Airways expects to make its first profit by 2010 and could sell shares to local and foreign investors three years after that, the company's chief executive said on Sunday. The rapidly expanding carrier signed a deal on
      Reuters  -  136 words
    • 2181 18 CUT HMW IT* wan n» aw. lh47>i itso Af«iM SQ268 1750 BA7382 2230 AF8087 1820 Of 82 2230 BA7381 1820 1*9770 2345 i82 A—Uld— L***** 0630 A***** 2245 SO323 0630 KL838 2245 AZ3992 1555 L***** 2345 a 10*37 1555 ***** 2345 Atfiib AC5202 23« ACS203 0645
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    • 452 18 Bloomberg [VANCOUVER] Malaysian Airline System Bhd (MAS), the country's largest carrier, plans to ask for proposals for twin-aisle planes from Airbus SAS and Boeing Co before December, as it renews its ageing fleet. "We are still finalising the number" of planes to order,
      Bloomberg  -  452 words
  • Page 18 Miscellaneous
    • 202 18 CRYPTIC CROSSWORD 28 Would a pa with it? (5,3) 0 with illness suf- notes (4) DOWN fering morbid self-confidence YESTERDAY'S SOLUTION 2 Devoted admirer who de- Definite indication of a plus 7 Across: 7 Lubricate, 8 Hoard, 10 Clares he is a procrastinator 1 lte ,na cat 0 p Derjde
      202 words

  • SHIPPING
    • 353 19 Firm expects to exceed its '07 target of US$11b on robust demand Bloomberg [HONG KONG] Daewoo Shipbuilding Marine Engineering Co, the world's third-largest shipyard operator, received orders worth a combined US$l.5 billion to build container vessels and bulk carriers. The orders include a contract
      Bloomberg; BLOOMBERG  -  353 words
    • 194 19  -  By ALEC ALMAZAN in Manila MAERSK has formed a joint venture with the Philippines' largest domestic shipping company, Aboitiz Transport System, to offer container shipping services in the country. Representing Maersk in the joint venture are Singa-pore-based feeder service Maersk's MCC Transport Singapore and
      194 words
    • 292 19 S Korean group could sell over 200b won in shares —Bloomberg [HONG KONG] South Korea's STX Group, which includes STX Shipbuilding Co as an affiliate, said it's in talks with investors, including Tasameem of Bahrain, to sell stakes in two units.
      —Bloomberg  -  292 words
    • 210 19 Ber nama [JOHOR BARU] The government will facilitate the rationalisation plan for the Port of Tanjung Pelepas (PTP) and Johor Port in Pasir Gudang, Transport Minister Chan Kong Choy said yesterday. He said that the plan, which will see PTP handling only
      — Ber nama  -  210 words
    • 269 19 Mx m Jw4 SS *1- Vol ChOflshore .0.64 unch 1868 Chuan Hup HkJgs 0.36 -0.01 374 CoccoCorp 2.75 0.02 ***** Cwt limited 058 -0.01 105 EzraHldgs .5 95 0.15 403 Freight Unks 0.13 unch 1215 Grand Banks 1.03 0.02 52 Java Hold Ltd.- 150 -0.01 958 KfVanturas 051
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  • Page 19 Advertisements
    • 273 19 ■r |5' h ASEAN| H I ports SHMPP'NG Hosted by W Persada Johor International Convention Centre Ly Supported by r i«M mam M Johor Bahru, Malaysia ■<*m fj V Tuesday 12 and Wednesday 13 June Hi#' M HUH 'If Nfc»" yE johorport 7 JOHOR PORT AUTHORITY £>» r?T ii 1
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  • EDITORIAL & OPINION
    • 536 20 EDITORIAL IF all the talk and proposals to keep older workers around longer in the Singapore work force evoke a sense of deja vu, it's because despite the best of intentions over the last two decades and more improving the hiring prospects of senior
      536 words
    • 874 20  -  Her success or failure hinges on the conduct of George W Bush and Vladimir Putin SHADA ISLAM Brussels Correspondent EVER since she became the first female chancellor of Germany 18 months ago, Angela Merkel has slowly but steadily built up a formidable reputation
      REUTERS  -  874 words
    • 781 20  -  THE BOTTOM LINE RONNIE LIM Energy Editor FROM most accounts, it was the "Iranian connection* which did in homegrown oil trader Concord Energy's plans to build a US$2OO million niche refinery on Jurong island. It came down to jittery bankers pulling the rug from under
      781 words
    • 1304 21  -  Should the proposed mega project reach fruition, it will impact on Singapore's dominant position as the transshipment front runner in Asia By VIJAY SAKHUJA BLOOMBERG MALAYSIA has announced plans to build two refineries and a network of pipelines connecting them. According to Kedah State Chief
      BLOOMBERG  -  1,304 words
    • 223 21  -  LETTERS TO THE EDITOR Perry Lim, Director, Higher Education, Ministry of Education MR Chua Soon Hock had raised some queries on MOE's age requirement for students enrolling in the Singapore campus of the University of New South Wales (UNSW Asia) in his letter
      223 words
    • 420 21  -  Grace Ho. Director. Mobile Communications Business, Microsoft I HAVE followed with interest the healthy debate about getting women back to work in Singapore, especially after they have children. While this is an issue which affects work forces
      420 words


  • 11124 22 SGX MAINBOARD Transaction date: Jun 4 52-Wk Tel Last Vol Day Last Quota Div GrVW Net MCap High Low Code Compny Sale W- (1)00) High Low fciyr Sallar Cvt W W 3.5 J 5716 IstSoftwar* J susp 11 IS 6 3148 BTelecom. .165 -OS 400 17 165 165
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  • Page 22 Advertisements
    • 122 22 Not been making the most of the markets? Then it's time to trade CFDs with' City Index Asia. Trade mottiple market* from Trade long or short on lire market 'wjflFlji oiler you the opportunity »0 tWCto <» th« oufe»m» of stocks and mdicasyrtthout *rer having to take physical deliv.ry of
      122 words

  • 7554 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curt In SS In USS dy yr dy *yr dy *yr iun 1 Index Change Change Change Change Change Change World Index Preliminary 1198.3 0.6 8.9 0.7 9.4 0.6 9.6 t EAFE Preliminary 1208.1 0.8 9.1 OJ 9.6 0.6 9.8 Europe
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  • Page 24 Advertisements
    • 1889 24 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 F.E./S.E.A. 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 Loads E. Malaysia, Indonesia OTHER SERVICES Tramping for bulk,
      1,889 words
    • 467 24 vHm WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com rasa vor ramp height sm l*c mo say I*l otf TAMISIS Af7l7 3201 MS 6.4 M 06/04 02/07 11/07 IS/07 20/07 18/07 TAMPA Af7lB 4201MJ 6.4 M 16/04 11/04 22/07 24/07 31/07 29/07 TAR AGO AI7H 320TMS 6.4 M 27/04 20/07 29/07 02/00 04/08
      467 words

  • The Business Times Shipping Times
    • 5771 25 -v. o ETA ETA Advertiser Vessel Voyage Telephone SIN Desfn Name Name Number Number To ABU DHABI (AUH) 2004 U. A. Emirates 17/06 28/06 SCI EMIRATES MARINA 723W *****355 To ADELAIDE (ADL) 2007 Australia 17/06 06/07 China Shpg ANL W1NDARRA 004S *****898 17/06 06/07
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  • Page 25 Advertisements
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    • 963 25 iHwnnHi IVISSfL VOY I m I«N I KHI I PX» IAI PMM UK KH6 MAGNAVIA PC IS 201 SKIP 06/06 SKIP 14/06 15/06 21/06 23/06 25/06 IRAN SATTAftI PC LB2OO 10/06 09/06 I*/06 21/06 22/06 21/06 30/06 02/07 I KAN TABATAEAEI PCU2O2 11/06 12/06 21/06 24/06 25/06 01/07 03/07 03/07
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    • 701 25 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS rasa I wt I sw lam toconiio I > sww (oumc nm OIW Ml MM MM imktuuim tthom 12 juw ujuw itjuw mjuw hjui HOWIAH M POM* Hit* 20JUW M JUW 27JUW 01 Jtt DUO ACC7TMG FQ
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  • ARTS FEST
    • 518 27  -  Homegrown choreographers display emotional energy in their Arts Fest debut, says CHARMIAN KOK CHARMIAN KOK HHHi ORWARD MOVES, a Singapore Arts Festival initiative which offers Singaporean choreographers a platform to create new work, returns for the second time this year with a triple bill. Three upcoming
      518 words
    • 365 27  -  By UMA SHANKARI BLIND Date, a work of contemporary dance by renowned New York group Bill T Jones/Arnie Zane Company, offers a penetrating look into post-9/11 America and its policies. The 90-minute performance, choreographed by Bill T Jones, asked the audience to rethink their
      ARTHUR LEE  -  365 words
    • 372 27  -  By LINDSAY VICKERY LAST Sunday at the Victoria Concert Hall, a large audience was treated to an afternoon of superlative choral singing by the Bavarian Radio Chorus, who were making their first appearance in Singapore, under the baton of Peter Dijkstra. The choir, which
      372 words
  • Page 27 Advertisements
    • 18 27 LIILU lru ITTI IHI iBU yimtnM J]: Wlgßßft A jjgxtt wtF «»W tV "••■EUI JgJ W c M
      18 words
    • 140 27 Your Daily Guide to the Arts Festival: Whaf s on today Romeo and Juliet: The take on the Shakespeare classic by celebrated Lithuanian avant-garde director Oskaras Korsunovas, set in a pizzeria, debuts today at Bpm. and runs until June 6, at the Victoria Theatre. Tickets $20 to $60. Blue Love:
      140 words

  • PROPERTY
    • 282 28 Fund expected to raise between US$300m and US$300m in equity Reuters [BEIJING] British property firm Grosvenor will start marketing a new fund for Chinese retail buildings and residential development in the second half of this year, hoping to muster as much as
      – Reuters  -  282 words
    • 226 28 [MUMBAI] Sensing enormous job opportunities in the property valuation market and allied fields in India, the London-based Royal Institution of Chartered Surveyors (RICS) is exploring partnerships with Indian universities and B-schools to offer RICS-accredited courses in India, according to a report in Business Standard.
      226 words
    • 389 29 IPO was Europe's largest ever by a real estate firm Reuters [MOSCOW] Russian property developer PIK Group raised US$l.B billion in an initial public offering, pricing the placement at the bottom of the range, becoming Russia's top developer with a market value of US$l2.3 billion.
      Reuters  -  389 words
    • 106 29 Bloomberg [SYDNEY] Lend Lease Corp, Australia's biggest property developer, will create a As 4 billion (Sss billion) community near Townsville in Queensland, the nation's fastest-grow-ing state. A deal with the owners of the site at Rocky Springs will include the development of about 15,000
      Bloomberg  -  106 words
    • 653 30 Office rents rose last year three times as fast as in New York and Hong Kong Bloomberg [MUMBAI] Mumbai, India's commercial capital, is seeking to curb soaring rents and prices for offices and homes by easing a 30-year-o'ld law that limits
      – Bloomberg; AFP  -  653 words
  • Page 28 Advertisements
    • 393 28 FREEHOLD SITE FOR SALE 1 Address: 217 Upper BukitDmah v)v Soulhh«v«n I n __j Nafc #Pk Road Site Area: a PP rox 15,223 sf l //S Redevelopment Potential: Commercial development V\ vtoS //7 y 4\ (Gross Plot Ratio: 1.4) 5 ////\f\ ,deal for shops/offlces/showroom |T **yC/ V\ Regular layout with
      393 words
    • 531 28 PASIR PANJANG VILLAGE EXCELLENT INVESTMENT OPPORTUNITY I Address: 216 242 Pasir Panjang Road Tr *At ttie prominent junction of '< Pasir Panjang Road and I I South Buona Vista Road Good visibility and frontage Land Area: 22,130 sf Lettable Area: 28.623 MffHrnlm P U 1 I Plot Ratio: 3.0 Zoning
      531 words

  • Page 29 Advertisements
    • 345 29 ggggjjrgrpTO^j r Site Area 123,955 sq. ft Bt D3tOk Nature P3rk \St TimaK Ovmnim rtr V~ t9w,a Plot Ratio 1.4 up to 5 storeys chh Beautywodd Tenure Freehold BtTimah Shopping Ctr Jalan Jurong Kechil Cl e t0 Prestigious Schools njKiMcc *J*\ and Tertiary Institutions u,«» Serene Surroundings {BmM Kr\%\ Easy
      345 words
    • 376 29 Prime Site On Ardmore Park ~ZZ, ZI jgj 1 Offers invited for the collective ""zsr S.s- purchase of: The Ardmore /r (The Ardmortl Yt. v V \A Prestigious Ardmore Park Address v Land Area: Approx. 3,954.4 m 2 x v v. Freehold Ctaymw./ cUb W Master Plan plot ratio 2.8;
      376 words

  • Page 30 Advertisements
    • 126 30 ■A mtm jft lIP jjl' I 1L ♦\Jy 'yf VIETNAM I i\4 flfei 'j t i JjBß3ffiy I Bin Tong Victoria Park /Nan"ng jfe/ I IH Bunga,oW X Bunga,ows Pri Scl J Large Dist. 10 site for up to 36-sty condominium Bungalows J Semi-detached 838,488 sf land, 99-year LH, GPR
      126 words