The Business Times, 14 June 2007
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2007-06-14
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The Business Times
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Title Section20 2007-06-14 1 The Business Times Thursday, June 14,2007 SINGAPORE 85 cents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/200620 words
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Article, Illustration481 2007-06-14 1 ARTHUR SIM - It will develop business space, participate in other property sectors By ARTHUR SIM [SINGAPORE] Ascendas has launched a $500 million fund to invest in integrated real estate projects in India. It will take a 26 per cent stake in Ascendas India481 words
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Article133 2007-06-14 1 STI 3,551.22 (-10.32) ST INDEX FUTURES 3,553.00 (-11.00) SIMSCI 436.87 (-1.59) SIMSCI FUTURES 436.10 (-3.80) MARKETS Wednesday Change KLCOMP 1.353.03 -7.55 NIKKEI 225 17.732.77 -28.14 HANG SENG 20.578.75 -57.64 SET INDEX 726.60 -16.82 JAKARTA COMP 2,088.60 -19.98 MANILA COMP 3.543.82 -27.28 SEOUL COMP 1.721.99 -7.89 SHENZHENB 716.68 +18.93133 words
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662 2007-06-14 1 CONRAD TAN - It aims to register special-purpose reinsurance vehicles as lightly regulated reinsurers By CONRAD TAN [SINGAPORE] The Monetary Authority of Singapore (MAS) yesterday unveiled a proposed regulatory framework on the new and complex field of insurance securitisation. The securitisation of insurance risk which involves chopping662 words
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Advertisement51 2007-06-14 1 Arts fest HHHHHHHH ■^.Jli 1 ,!!BBf «#£*j|S| z**& ta r»j§* EBi& I V !S B%"a J|^|^^H| j^MJ9r9? BMlm^Bp^BWiffflM 8 ML 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 call51 words
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Advertisement34 2007-06-14 1 INVESTMENT Temasek takes stake in Viet seafood giant PAGE 4 BizlT S'pore SMEs' IT spend to rise 8% Asia-Pac leads global semicon growth: Gartner Interwoven stands to gain from rapid industry consolidation PAGE 2634 words
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Advertisement30 2007-06-14 1 ECONOMY Asia urged to adjust;' monetary policies PAGE 2 IE SINGAPORE M Vietnam healthcare sector beckons ffSTiTZi KS^^^SSSS|&jB^Kgj|BBBBS|HQR I 1 EMoBt ■'•■Mmmi i i v#n&£§■ t SBlVf* -Tpp» %j!9R 130 words
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TOP STORIES
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Article, Illustration546 2007-06-14 2 VIKRAM KHANNA - NY Fed chief says Asian economies are now more resilient but challenges remain By VIKRAM KHANNA [SINGAPORE] Emerging Asian economies need to adopt more flexible exchange rate regimes, be more open to capital movements and guard against building up excessive reserves, the president andYEN MENG JIIN - 546 words
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453 2007-06-14 2 LIN ZHAOWEI - By LIN ZHAOWEI [SlNGAPOßE] Singapore's precision engineering industry could generate an output of $28 billion as early as 2010, well in advance of the 2018 target previously projected by the government, Spring chairman Philip Yeo said yesterday. He was speaking at the official453 words
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Article, Illustration460 2007-06-14 2 ARTHUR SIM - By ARTHUR SIM [SINGAPORE] The Ministry of Law is conducting a second consultation process on the issue of collective property sales following an earlier public consultation completed in May. Sources say that the second consultation process involves professionals involved in collective enAFP - 460 words
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374 2007-06-14 4 UMA SHANKARI - By UMA SHANKARI [SINGAPORE] The Ministry of Foreign Affairs (MFA) yesterday disputed the claim by an Indonesian official that a defence pact has been held up because Singapore has rejected an Indonesian proposal for training arrangements to be determined jointly. On Monday,374 words
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Article, Illustration479 2007-06-14 4 Reuters [LONDON] Investors have dramatically raised their expectations for global interest rates over the past month but made no move to shift away from their heavy exposure to stocks, a poll showed yesterday. Merrill Lynch said its June survey of 201Reuters; BLOOMBERG - 479 words
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Article444 2007-06-14 2 Temasek takes 10% stake in Viet seafood giant Minh Phu TEMASEK Holdings' foray into Vietnam is picking up pace, with the Singapore investment company saying yesterday it has taken a 10 per cent stake in that country's biggest shrimp exporter, Minh Phu Seafood Joint-Stock Company. TOP STORIES, PAGE444 words
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419 2007-06-14 4 SIOW LI SEN - Top exporter seen as emerging champion in key aquaculture sector By SIOW LI SEN [SINGAPORE] Temasek Holdings' foray into Vietnam is picking up pace, with the Singapore investment company saying yesterday that it has taken a 10 per cent stake419 words
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Page 2 Advertisements
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Advertisement198 2007-06-14 2 Strategies for Engaging Developing Top Performers to Accelerate Business Growth Sharpen the Competitive Edge Case Studies and Insights from: JMpr The new •SBSSS 5 BL o— I S3r Chartered I lovid rossO ■jp jg.i: -JNRBi Innovative Ideas and Practical Techniques to Ignite the BEST in your People AT&T Proven Workforce198 words
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Advertisement55 2007-06-14 3 #i®bP3 I n Far East Organization Developer Natwest Development Pte. Ltd. Compwiy Rags&aoon No *****2762W Tenure of hnd: 99 yean from 28.04.2004 Lot 256 L ofTS 2tt McCalum Street Developer'* Licence: Number. ***** BuMngPbn Number A*****0002-2005-BPOI O (Dated 30.08.2005) A*****0002-2005-BPO2 (Dated 18.01.2006) A0398-*****-2005-BPO3 (Dated 27.6.2006) Expected TOP date 31.12.2011 Expecfd55 words
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Advertisement811 2007-06-14 4 I f- A I"' r vv* «*g'^4f *\^-'*ss*/ t;l^^yBiiilP^^Fiiliillffi I V v V- > £§**•*yNft.V* *'C*?Y I 'y~H? p I I jH gP^ I li^A' 111*- <*« Ww■ iflttf'r I 'Mm j M 'Mr j «UII Kk *f Cnfl IE Ik IB II mm 4H VP H V#——« Rf fy811 words
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Advertisement94 2007-06-14 4 Our qualified professionals can assist you with offshore structures, shelf com pan las jttljt/ 'm*' and incorporations in ALL jurisdictions including: British Virgin Islands VJflrlllMllJ Cayman Islands Bahamas ■HHHHHI Hongkong Samoa Full nominee, management secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets94 words
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COMPANY NEWS
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736 2007-06-14 5 KALPANA RASHIWALA - HOCK LOCK SIEW By KALPANA RASHIWALA THE much awaited announcement by the Securities Industry Council (SIC) that the Singapore Code on Takeovers and Mergers will apply to Reits (real estate investment trusts) came late last week. This makes a consolidation in the Singapore736 words
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355 2007-06-14 5 —Reuters [BANGKOK} Singaporelisted Total Access Communication (TAC), Thailand's second biggest mobile phone firm, raised US$257 million in its Thai initial public offering (IPO), the country's largest IPO this year. Despite Thailand's political uncertainty, TAC's operations and potential earnings growth generated strong interest—Reuters - 355 words
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278 2007-06-14 5 WEE LI-EN - By WEE LI-EN PRECISION part maker Alantac Technology has agreed to acquire 85 per cent of JEP Precision Engineering for $23.8 million. The purchase of JEP, a manufacturer of precision machining components for the aerospace, oil and gas and machine tool industries,278 words
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Article, Illustration530 2007-06-14 6 OH BOON PING - Stock picks include Jurong Tech, Hi-P Int'l, CSE Global, Venture Corp By OH BOON PING ANALYSES remain cautious about the technology sector for the second half of this year, even though some expect the sector's overall demand to improve. Key stock picks includeFILE PHOTO - 530 words
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318 2007-06-14 6 WEE LI-EN - By WEE LI-EN AUSTRALIA'S top transport group, Toll Holdings, intends to make a voluntary conditional cash offer for all the remaining shares in mining and marine logistics company Sembawang Kimtrans (SWKT). Under the intended offer, which came after strong market rumours that318 words
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310 2007-06-14 6 JANICE HENG - By JANICE HENG SHARES of jet fuel trader China Aviation Oil (CAO) surged 16 per cent yeSterday after Bloomberg reported speculation that the company was about to announce asset acquisitions. The counter advanced 31 cents to $2.25 the highest level since it310 words
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649 2007-06-14 6 LYNETTE KHOO - Talk is that contract could be for Apple's new iPhone By LYNETTE KHOO have the ability to dissipate electric shock and conduct electricity possessing the characteristics of both rubber and metal. In anticipation of strong demand for the smartphone, HLN649 words
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Article, Illustration636 2007-06-14 7 OUR CORRESPONDENT - Central bank rules TMB cannot pay' interest since it has been posting losses By OUR CORRESPONDENT in Bangkok THAILAND'S TMB Bank, one of the country's largest commercial banks that is partly owned by Singapore's DBS Group, has become the first financial636 words
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Article205 2007-06-14 7 PSL Hldgs bags orders worth $6.3m PSL HOLDINGS has secured new foundation engineering contracts worth $6.3 million for major private and government projects including those for Jurong Island and Pulau Bukom and a bulk lift upgrading project in several HDB estates. Equation sells subsidiary EQUATION Corp sold wholly205 words
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Article, Illustration416 2007-06-14 5 UMA SHANKARI - It partners Viet company to build luxury housing on waterfront site By UMA SHANKARI DEVELOPER Keppel Land said yesterday it has entered into a US$l46 million joint venture with a Vietnamese real estate company to develop a luxury condominium on an 8.5 ha site416 words
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Article, Illustration389 2007-06-14 5 OH BOON PING - By OH BOON PING SHARES of Digiland International continued to be heavily traded yesterday on renewed speculation of a potential mega reverse takeover deal. The stock was the most actively traded with volume hitting 668 million shares, more than triple the previous day'sSource: Bloomberg - 389 words
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Advertisement681 2007-06-14 5 sats one with you SINGAPORE AIRPORT. TERMINAL SERVICES LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****1770G NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders (the "Shareholders") of Singapore Airport Terminal Services Limited (the "Company") will be held at681 words
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Advertisement1720 2007-06-14 6 sats one with you SINGAPORE AIRPORT TERMINAL SERVICES LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****1770G NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 34th Annual General Meeting of the Company will be hekJ at Mandarin Court, 4th Floor, Meritus Mandarin Singapore, 333 Orchard1,720 words
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Page 7 Advertisements
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SINGAPORE MARKETS
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Article, Illustration551 2007-06-14 8 R SIVANITHY - But broad market stays firm with 274 rises versus 208 falls STOCKS R SIVANITHY Senior Correspondent OVEMENTS in mm the US TreaIla m B sury market I M m I continued to M m I! play a central S role in deter■V m551 words
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Article, Illustration883 2007-06-14 8 UMA SHANKARI - Compiled by UMA SHANKARI Hong Leong Finance June 13 dose: $4.08 UOB KAY HIAN, June 13 HLF has reached an agreement to acquire a portfolio of 10,300 hire purchase agreements from the Singapore branch of a foreign bank at a consideration of $405 million. The acquisition is expected883 words
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Article, Illustration485 2007-06-14 8 CURRENCIES [TOKYO] The US dollar yesterday jumped to the highest level against the yen for four and a half years as investors sought safe havens amid growing worries about higher interest rates, dealers said. They said the US dollar also traded closeBLOOMBERG - 485 words
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Article, Illustration915 2007-06-14 8 SECURITIES TRADING SCOREBOARD MAIN SDQ TOTAL Up Down Uitdi Up Down Undi Uo Down Uttch Multi Ind 11 3 4 0 0 0 11 3 4 Manufacturing 82 78 63 15 17 103 93 80 Commerce 37 28 16 8 7 10 45 35 26 Tpt/Stor/Comms 15 17 10 2-0915 words
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SINGAPORE NEWS
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431 2007-06-14 9 NISHA RAMCHANDANI - Focus has shifted from operations to human capital strategy: study By NISHA RAMCHANDANI In Asia, four times as many organisations have completed the transformation since Mercer's last study in 2003. The study incorporated responses from almost 1,400 organisations from various sectors across Asia, Europe,431 words
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Article, Illustration458 2007-06-14 10 CHOW PENN NEE - He has till next Friday to submit written response on what he owns By CHOW PENN NEE FORMER National Kidney Foundation (NKF) head TT Durai yesterday asked for more time to come back to court with a written response on what he owns.458 words
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293 2007-06-14 10 NISHA RAMCHANDANI - By NISHA RAMCHANDANI RAFFLES Hotels Resorts has signed an agreement with Greenfield Property Holdings to manage a new luxury resort and residence in the British Virgin Islands. Raffles Tortola, the first Raffles project in the islands, is expected to open in 2010 and will293 words
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Article291 2007-06-14 10 WEE LI-EN - By WEE LI-EN MORE than 200 businessmen from the Singapore Chinese Chamber of Commerce and Industry (SCCCI) will explore opportunities in south Johor's new economic zone today. Led by Malaysia's High Commissioner to Singapore N Parameswaran, the SCCCI members will look at projects in the291 words
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Article, Illustration406 2007-06-14 9 CHARMIAN KOK - By CHARMIAN KOK SHOPPERS appear to be out in full force for the Great Singapore Sale (GSS), going by spending chalked up on MasterCard during the first weekend. MasterCard announced yesterday that spending by MasterCard cardholders during the first weekend of theBLOOMBERG - 406 words
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Page 9 Advertisements
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Advertisement34 2007-06-14 9 I Lianhe Zaobao I I TV production house I I s I H W rgm fe- 11 I iP mSk sST" r h& i ■>.w- HR W H* 9 rjjjfi] •TTTJTO rrmgrn i hhbhdsb^34 words
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Advertisement290 2007-06-14 9 With UOB Equity Linked Notes you can earn potentially higher interest rates on your investments while having the opportunity to own the desired stock at ybur preferred price! To discover how UOB Privilege Banking can make your money work harder for you, call our 24-hour Privilege Banking Service Line at290 words
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Page 10 Advertisements
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Advertisement313 2007-06-14 10 Diners Club Card To apply, call 6416 09&0 I A World of Exclusive Privileges Treats Diners Club international- cv -I rse A\ <• *L r t AiynHkl j Buffet Lunch Buffet Dinner Buffet HighTe a R but tt> tf>e I*>U 15-241UN8 2007 16-17 JUNE 2007 ■i E)pP vorld 1 ADULT313 words
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SINGAPORE INTERNATIONAL
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Article, Illustration1025 2007-06-14 11 VINCENT WEE - 'Equitisation' and privatisation spell huge opportunity in the newly-booming Asean economy for Singapore companies, writes VINCENT WEE VINCENT WEE AS ONE of the most promising emerging economies in South-east Asia, Vietnam is seen as a major venue for investment and markets for Singapore companies. In particular, theFILE PHOTO - 1,025 words
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404 2007-06-14 11 VINCENT WEE - Reports by VINCENT WEE BECOMING a household name in any market is a feat by any reckoning, and pharmaceutical manufacturing company Borden Company has managed to achieve that status in Vietnam with its Eagle Brand medicated oil. Since the product was first introduced to404 words
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363 2007-06-14 11 THE idea of celebrating life is what gave Thomson Medical Centre (TMC) the edge in clinching a consultancy project for a Vietnamese client who wanted to venture into the healthcare business there. The centre's specialisation in providing women's and children's healthcare services impressed363 words
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Article212 2007-06-14 11 MAINBOARD-LISTED Pacific Healthcare Holdings is another example of a local healthcare company that has leveraged on Singapore's reputation for excellence as a regional medical huh to take its model of topend healthcare services overseas, where the demand for private healthcare is rising. The integrated specialist healthcare212 words
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Page 11 Advertisements
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Advertisement229 2007-06-14 11 Ready for Global Opportunities? Discover latest developments in Southeast Asia, China, India and the Middle East fHg Manage recruitment and talent retention challenges across borders Hi Gear up for export and overseas growth B? Build up firm-level capabilities 9 grv Steer ahead for global growth at International Enterprise Forum 2007229 words
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Advertisement8 2007-06-14 11 13 sssr* The Business Times J SINGAWJKf Singapore8 words
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ECONOMY WATCH
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268 2007-06-14 12 Bloomberg. AFP [BEIJING] The yuan rose to its strongest level since 2005 on speculation that China will allow faster gains to help ease trade tensions with the US after Treasury Secretary Henry Paulson urged increased currency flexibility. Some US senators were planning to introduceBloomberg.; AFP - 268 words
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Article4634 2007-06-14 12 UNIT TRUSTS FUNDS aa Euruo Income AT EUR 7J5i 'xMTf taw EUR IIN MUBCO C<M faro blKli II* K» Gfc teiti USO A UJ ********** 6wM S* Xim»mi 1204/1267 J2J iSJIIEidftusD hZ *M5CDaot»dSei Sua L—Otv oatiKkUci nj» lauMaBMU Mswixia mmsmm i*wuu Afi Europ Income A EUR 11V K£ IS S4,634 words
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686 2007-06-14 12 Accessing oil getting tougher because of higher exploration and production costs Reuters [LONDON] BP Pic has lowered its estimate of the world's proven oil reserves, for the first time in more than a decade, in its annual Statistical Review of World Energy published onReuters - 686 words
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Page 12 Advertisements
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Advertisement34 2007-06-14 12 Allianz Global Investors 11 SCORE IN EMERGING MARKETS JJV Try our online quiz at www.franklintempleton.com.sg and win attractive prizes!* ra ANKI TOTO^IFinN HSOBR- INVESTMENTS Terms and conditions apply. IV= BIZ REGN NO.. *****521 IE34 words
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MALAYSIA/INDONESIA
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Article220 2007-06-14 13 Reuters [KUALA LUMPUR] Malaysian air cargo carrier Transmile Bhd on Wednesday announced two new independent directors, a new audit committee chairman and nomination and remuneration committee changes following its recent disclosure of financial irregularities. Transmile's market value has halved from a year ago after it announcedReuters - 220 words
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141 2007-06-14 13 Bloomberg [COLOMBO] Malaysian businessman Tiong King Sing plans to make a joint offer to buy the remaining shares in Sri Lankan finance company Asia Capital Ltd with two investors who acquired a 51 per cent stake on Tuesday. Mr Tiong, chief– Bloomberg - 141 words
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427 2007-06-14 13 Six websites blocked, offices of one firm raided [KUALA LUMPUR] The Malaysian authorities have started a crackdown on cyber scams, blocking access to six illegal investment websites and raiding the offices of an Internet firm in the Klang Valley, says a report in427 words
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295 2007-06-14 13 Reuters [JAKARTA] Indonesian state electricity firm PT Perusahaan Listrik Negara (PLN) is seeking four million tonnes of liquefied natural gas (LNG) for its planned gas-fired power generation, a company official said yesterday. Indonesia is trying to phase out expensive oil-fired power generation and– Reuters - 295 words
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Article, Illustration430 2007-06-14 13 M'sian unit near 3-month low as Greenspan predicts rise in bond yields Bloomb erg [KUALA LUMPUR] The Malaysian ringgit dropped to near the weakest in three months on speculation that an increase in US bond yields will erode demand for emerging-market debt. TheBloomb erg; AFP - 430 words
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Page 13 Advertisements
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Advertisement58 2007-06-14 13 1 "Ml l Bp Ml /jr W j v Where all your vehicle needs are met j Looking For a Flashy car, cool motorcycle or sporty body-kit? When it comes to getting around or souping up your ride, there's a kaleidoscope oF products and services to get you on the58 words
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GREATER CHINA/INDIA
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445 2007-06-14 14 JANE MOIR - Print media expect revenue to dip as need for newspaper ads is scrapped By JANE MOIR in Hong Kong AFTER years of delay, Hong Kong companies are to go fully virtual in their stock exchange announcements later this month. Under new electronic445 words
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Article, Illustration236 2007-06-14 14 Reuters HONG KONG] Ousted Thai prime minister Thaksin Shinawatra shelled out close to US$27 million this month for a townhouse in Hong Kong's most prestigious neighbourhood, setting an Asian record, a Hong Kong newspaper said yesterday. The exiled politician paid about HK$2lO million– Reuters - 236 words
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301 2007-06-14 14 Bloomberg [MUMBAI] ICICI Bank, India's most valuable financial services company, sought regulatory approval for the nation's biggest share sale, seeking to raise 175 billion rupees (556.6 billion) at home and overseas. ICICI Bank, based in Mumbai, said it filed documents with– Bloomberg - 301 words
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Article2495 2007-06-14 14 VOL Jim 11 KM W- COOP) ASM Realty 2.6S -0.01 11 Abric Bhd .0.30 unch 73 Advance Synergy 0.30 unch 315 Adventa Bhd .131 unch 302 Ae Mutti Hldgs 0.34 -0.01 1S6 Affin Holdings .2.35 unch 1539 Ahmad Zaki Rmou .3.24 0.04 27 AicCorp _...0.5« 0.05 4 Airasia2,495 words
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602 2007-06-14 14 Reform may make it easier for Chinese firms to issue bonds Reuters [SHANGHAI] China's stock regulator will take on a new role in approving corporate bond issuance by listed firms, kicking off a long-awaited reform that will make it easier for cash-starved– Reuters - 602 words
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Page 14 Advertisements
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Advertisement267 2007-06-14 14 J Leading-edge courses developed by internationally renowned trainers, handpicked from unparalleled worldwide resource of expert practitioners and professors from the heart of the global financial centre New York. 2 Day Investment Portfolio Management Masterclass 26 th 27 th July fThu Fri) Professor Dan Levin (PhD, Wharton) This 2 day practical267 words
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ASIA-PACIFIC/WORLD
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558 2007-06-14 15 ANTHONY ROWLEY - Analysts advance target date for rise in overnight call rate to next month By ANTHONY ROWLEY in Tokyo THE Bank of Japan's (BOJ) Policy Board begins its latest two-day meeting today against a background of mounting turbulence in global financial markets linked to558 words
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350 2007-06-14 15 —Reuters [NEW YORK] The Wall Street Journal, whose parent Dow Jones Co is the target of a US$5 billion takeover offer by News Corp, is set to shake up its newsroom by reassigning and replacing several top editors, the New York Times—Reuters - 350 words
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547 2007-06-14 15 Short-term activists can erode a firm's credit quality Reuters [NEW YORK] Shareholder activism by hedge funds and others who do not invest for the long term is rarely in the best interests of the companies' bondholders, according to a new study releasedReuters - 547 words
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Article452 2007-06-14 15 Bloomberg [BANGKOK] Shin Corp, a Thai investment company controlled by Singapore's Temasek Holdings Pte, will exit from Thai Air Asia Co by selling its stake to the budget carrier's executives. Shin Corp will sell its 49 per cent stake in Asia Aviation CoBloomberg - 452 words
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Article, Illustration570 2007-06-14 15 Bloom berg [LONDON] Sotheby's sold £22.7 million (Ss69 million) of Russian art in London on Tuesday as buyers snapped up early 20th-century paintings, Faberge works and post-World War II art at the start of three days of auctions. The proceeds were in the— Bloom berg; AP - 570 words
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447 2007-06-14 15 LATEST US DATA —AP. Reuters. Bloomberg [WASHINGTON] US consumers brushed off rising petrol prices and slumping home sales to storm the malls in May pushing retail sales up by the largest amount in 16 months since January 2006, the Commerce Department—AP.; Reuters.; Bloomberg - 447 words
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454 2007-06-14 15 Reuters [LONDON/ZURICH] Barclays has not ruled out adding cash to the terms of its ABN Amro offer should it need to boost its bid to fight' off a rival offer from a consortium of banks led by Royal Bank of Scotland (RBS), aReuters - 454 words
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AVIATION
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549 2007-06-14 16 Clean Sky aims to cut jet carbon emission and reduce noise —NYT [BRUSSELS] Driven by concerns that it is falling behind on airplane development, the EU is planning a 1.6 billion euro (553.3 billion) public-private partnership to help its aviation industry—NYT - 549 words
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438 2007-06-14 16 —Reuters [CHICAGO] Freshly restructured and more or less on the mend, US airlines are balancing their need for newer, more fuel-efficient planes with the need to place expensive orders at the optimal time. For years, experts have said the time is at—Reuters - 438 words
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Article, Illustration511 2007-06-14 16 [NEW DELHI/MUMBAI] Indian billionaire Vijay Mallya, whose flagship company bought a stake in Deccan Aviation Ltd, expects to turn the budget carrier profitable by raising fares and sharing costs with his Kingfisher Airlines Ltd. And he expects domestic airlinesBLOOMBERG - 511 words
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392 2007-06-14 16 AFP [KUALA LUMPUR/MUMBAI] Malaysia's homegrown budget carrier AirAsia Bhd plans to launch its first flight to India towards the end of 2008 and its first destination is likely to be Amritsar in Punjab. "I am really limited by the planes and theAFP - 392 words
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235 2007-06-14 16 AFP [NEW DELHI] Flights in India were seriously disrupted yesterday with thousands of baggage handlers, check-in staff and other employees of India's struggling state-run domestic carrier out on strike. Staff began an indefinite nation-wide work stoppage late on Tuesday to demand an increaseAFP - 235 words
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Article2281 2007-06-14 16 air Fuwn cta wjwit rre SO268 1750 BA7382 2230 AF8087 1820 QF82 2230 8A7381 1820 LH9770 2345 —an m Aaatardam L***** 0630 AZ3993 2245 SO323 0630 KL838 2245 AZ3992 155S L***** 2345 "OB37 15?5 SQ«4 #4? ata —ss sass UL2433 0150 EK432 2120 LH9767 2035 UL24322,281 words
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Page 16 Miscellaneous
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Miscellaneous205 2007-06-14 16 CRYPTIC CROSSWORD DOWN charges (7,6) Across: 1 Sitrep, 5 Tentacle, 9 1 Gospel writer snowing little 13 Really good look expressly to Wing mirror, 10 Buck, 11 Game polish (4) find misleading information show, 12 Outing, 13 Chef, 15 Nui--2 Observed Bill and daughter (7) (10) sance 18 Bulletin. 19205 words
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SHIPPING
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Article, Illustration361 2007-06-14 17 DONALD URQUHART - Pavilion at maritime event hopes to build on S'pore's brand By DONALD URQUHART [SINGAPORE] A contingent of 13 Singapore-based maritime companies led by Minister of State for Finance and Transport, Lim Hwee Hua, joined more than 800 companies from over 40 countries exhibiting at361 words
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285 2007-06-14 17 Bloomberg [HONG KONG] CMA CGM SA. China Ocean Shipping (Group) Co and 11 other shipping lines will increase their peak-season surcharges on shipments from Asia to the US this year because of higher demand and expected port congestion. The 13-member Transpacific Stabilisation Agreement plansBloomberg - 285 words
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371 2007-06-14 17 AFP [KUALA LUMPUR] Malaysia will boost security in the strategic Malacca Strait to fight piracy despite a fall in attacks in recent years, a top official said yesterday. Jalaluddin Abdul Rahman, commander of the country's marine police unit, said a "visible presence" ofAFP - 371 words
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Article288 2007-06-14 17 SGX '000 Jan 13 Sj *I- Vol Ch Offshore 0.67 0.04 8487 Chuan Hup Hklgs 0.36 0.01 1198 Cosco Corp 3.42 -0.02 6251 Cwt Limited 0.90 0.02 1294 Ezra Hldgs ...5.65 -0.10 12S Freight Links .0.16 unch ***** Grand Banks 1.06 unch 27 Java Hold Ltd 1.65 -0.01288 words
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Article136 2007-06-14 17 Berna ma [MELBOURNE] The Port of Melbourne has set an Australian record by handling two million shipping containers in 12 months. This ranks Melbourne among the top five ports in the Southern Hemisphere, handing more than As7s billion (5597.5 billion) in trade every year. About— Berna ma - 136 words
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Page 17 Advertisements
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Advertisement207 2007-06-14 17 IN ASSOCIATION WITH THE STRAITS TIMES www.globaldpandlopum.opo aiH OH WHIT IT TIKES TO CREITE LEADER BRINDS 1 The most anticipated brand forum in Asia returns this August for two days only at the Ritz-Carlton, Millenia Singapore, with invaluable insights from the mavericks who have redefined the way we look at207 words
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EDITORIAL & OPINION
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Article492 2007-06-14 18 EDITORIAL healthy and supply is relatively tight. Meanwhile, Merrill Lynch has the same view of the mergers and acquisition boom we have been seeing globally. Up till May, 13,213 M&A deals worth US$l.94 trillion have been announced globally. The value of deals announced in492 words
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Article, Illustration1024 2007-06-14 18 ANTHONY ROWLEY - The growth record of East Asia has been remarkable. But economic growth has often been at the expense of growing income and social inequality within the region and within countries ANTHONY ROWLEY Tokyo Correspondent !N the beginning was the East Asian Miracle and thenAP - 1,024 words
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Article, Illustration768 2007-06-14 18 FRANK CHING - THE BOTTOM LINE FRANK CHING THE G-8 meeting chaired by Germany that focused on climate change, attended also by five of the world's biggest developing countries, marks a significant step forward in a battle for nothing less than the survival of768 words
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Article, Illustration803 2007-06-14 19 RONNIE LIM - Oil room for both Brent and WTI Jury is still out on which of the two price benchmarks will prevail, but many are saying the anomaly may iron itself out eventually RONNIE LIM Energy Editor WHICH oil price benchmark should we be looking at, or following, right now? Consumers haveBLOOMBERG - 803 words
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Article, Illustration1203 2007-06-14 19 MAYUMI OTSUMA - By MAYUMI OTSUMA IN Japan, sending yen overseas for higher returns is no longer just a game for banks and hedge funds. Michiko Takeda is playing too. Ms Takeda, a 46-year-old homemaker from Sapporo City, is among a growing number ofAP - 1,203 words
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Advertisement341 2007-06-14 19 NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at 290 Orchard Road, #17-04 The Pcragon. Singapore *****9 on 29 June 2007 at 3.00 p.m. for the purpose of considering and if thought fit. passing with or without amendment341 words
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Article11052 2007-06-14 20 SGX MAINBOARD Transaction date: Jun 13 52-Wk Tel Last Vol Day Last Quote Div GrYM Net MCap High Low Cod* Company Ml +<- ('000) High low Buyer Mjg Cvr P/I $ml 15 2 5716 1st Software 2 susp 14 18 6 3148 8Teiecom 17 unch 173 17 16.511,052 words
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Article5289 2007-06-14 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In S$ In USS dy yr *dy %yr *dy *yr Jun 12 Index Change Change Change Change Change Change World Index Preliminaiv 1169.7 -0.4 6.3 -0.5 7.3 -0.4 6.8 t EAFE Preliminary 1176.6 -0.5 62 -0.6 7.0 -0.6 6.6 Europe5,289 words
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Page 22 Advertisements
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Advertisement1054 2007-06-14 22 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination MARITIME MASTER RDM/ATW/UK STXPOTBN CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.EJS.E.A. SERVICE Destination Destination LAURADA DBI/ABU/DOH/BRN/DMM/KWT STXPO TBN INC/BSN ASEAN GLORY DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES Tramping for bulk, breakbulk,1,054 words
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Advertisement716 2007-06-14 22 DONGNAMA LINE eOMMMUMIMWCi VESSEL (EVHY SUN) VOT SGP HKG ORT) TIT YM ROM MOL GLORY ***** 17/06 21/06 2S/06 26/06 2S/06 MOLUKRTY ***** 24/06 21/06 02/07 03/07 05/07 VISSa (EVBTY SAT)' VOY SGP HKG PUS INC TAO STX SINGAPORE 70IN 16/06 20/06 24/06 26/06 21/06 TSKELANG 70M 23/061 27/06 01/07716 words
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Advertisement465 2007-06-14 22 vOOv WALLENIUS WILHELMSEN LOGISTICS websitt: http://www.2wglobol.com VESSB VOY UW HBONT SW LK MAO SAV MI OtF TAMPA AF7II 4201 MS 6.4 M 16/04 12/07 22/07 26/07 31/07 29/07 TAD AGO AE7I9 3201 MS MM 27/0* 21/07 29/07 02/01 06/01 04/01 TEXAS ***** 4201 MS 6.4 M 15/07 OMIT l»/0» 22/01465 words
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The Business Times Shipping Times
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6076 2007-06-14 23 This ETA ETA Advertiser Vessel Voyage Telephone SIN Desfn Name Name Number Number 1 To ABU DHABI (AUH) 2004 U. A. Emirates 24/06 05/07 SCI TS DUBAI 724W *****355 27/06 06/07 SCI SCIOIYA 720W *****355 To ADELAIDE (ADL) 2007 Australia 24/06 13/07 ChmaShpg KAMAKURA6,076 words
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Advertisement1425 2007-06-14 23 WAN HAI INTERNATIONAL PTE LTD ONO: lwsnoooo/i T1L*****588 (14UNES) FAX:*****163 VAN WAN lIAI I INFS C«t«nerS«vk«/BoolwgsDfr«ctUm-(1800)*****200 11 V WW Mil lIMI LlllLJ Hll 1H: |03) 3J441H1 FAX: 103) *****7 M PHI HL (04) 2255W0 MX: (WRWSIW JOH IB: (07) *****23 FAX: |07)251M21 SU) 1H: (031) 12*5475 FA* (031) 32*2714/3*1305 wufuw1,425 words
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Advertisement980 2007-06-14 23 [VESSEL VOY PKL I SIN I KHI PXB »AB P MM UK KHO IRAN TAkATABAEI PCLB2O2 11/06 12/06 21/06 24/06 25/06 01/07 03/07 05/07 IRAN BAABAEI PCLB2O3 21/06 22/06 01/07 04/07 05/07 11/07 12/07 14/07 IRAN SATTARI PC***** 02/07 03/07 12/07 15/07 16/07 22/07 24/07 26/07 I VESSEL VOY SIN980 words
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Advertisement602 2007-06-14 23 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS <ssa WT UK rsum couwio it shew I colonic louruum man IIML 13 Ml WW 13 JW wowumt o HJL BMI UN* 2m Hffi IQTAfBMWA WWIO? 26JUW 77 JUW 30JIIH WM MM «so accping kl to602 words
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ARTS FEST
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Article, Illustration496 2007-06-14 25 The suffering of modern-day Iraqis gives new context and content to Bach's Passions Bach would have turned in his grave. Then he'd have stepped out, dusted himself and paid attention. Such is the jazz-like energy of parts of An Arabian Passion, a new arrangement of Johann SebastianIDANA BLUEMI - 496 words
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Article, Illustration441 2007-06-14 25 CHARMIAN KOK - By CHARMIAN KOK THROUGHOUT history, water has been regarded as a symbol of life, renewal, and Mother Nature. It is not surprising then that as part of this year's Singapore Arts .Festival, a musical group from the Temple of Fine Arts will441 words
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Article, Illustration313 2007-06-14 25 Wong Kar Wai Dreams: Singaporean award-winning theatre company The Finger Players stages a surreal production featuring a female protagonist dreaming about legendary director Wong Kar Wai dreaming about her. Bpm, Until June 15, Drama Centre Theatre, Tickets $20 to $50,313 words
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Page 25 Advertisements
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Advertisement1426 2007-06-14 25 Tune in to Radio 91.3 FM 100% pure fun Registration N0:*****1686N TRANSMARCO LIMITED (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Bellevue Room, 3 1 Floor Lobby Level, Le Meridien Singapore, 100 Orchard Road, Singapore *****0,1,426 words
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BizIT
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Article21 2007-06-14 26 'Singapore SMBs focus more on integrating their disparate IT systems and consolidating their existing infrastructure.' Nishant Dave, AMl's Asia-Pacific research director21 words
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Article, Illustration792 2007-06-14 26 AMIT ROY CHOUDHURY - AMI says relative IT maturity in Republic is a key factor in increase in investment to over USS$507m this year, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY SMALL and medium-sized businesses (SMBs) in Singapore are on track to invest more than US$5O7 million792 words
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Article, Illustration362 2007-06-14 26 ROLAND UM - By ROLAND UM WHILE the global semiconductor market for 2007 just seems to get softer every quarter, the Asia-Pacific semicon market looks set to continue to outpace overall growth, according to forecasts from research house Gartner. Speaking at its annual semiconductor roadshow in Singapore362 words
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Article, Illustration477 2007-06-14 26 WINSTON CHAI - By WINSTON CHAI INDEPENDENT software major Interwoven is keeping its cool even as consolidation in the enterprise content management (ECM) market hits fever pitch. Instead, it is hoping to cash in on the uncertainty and technical issues that could arise as smaller477 words
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Article, Illustration973 2007-06-14 26 STEPHEN TAN - <you say> By STEPHEN TAN HE taxonomy of the tech industry used to be much simpler to understand, with discernable boundaries between IT, telecommunications and broadcasting. During the infocomm technology (ICT) boom of the *****, even though products and technologies proliferated, they were still beingFile photo - 973 words
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PROPERTY
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Article, Illustration527 2007-06-14 27 KALPANA RASHIWALA - Row of six restored conservation shophouses also up for grabs tomorrow By KALPANA RASHIWALA THE taxman is auctioning 8 Tong Watt Road, off River Valley Road, tomorrow to recover outstanding property taxes. The 999-year leasehold, three-storey intermediate terrace house stands on a527 words
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390 2007-06-14 27 Bloomberg [SAN FRANCISCO] Goldman Sachs Group Inc's urban real estate investment unit and homebuilder Noteware Development bought 5.75 acres in San Francisco's Bayview-Hunters Point section for US$l9 million and will build 338 condominiums there. The property, a former Coca-Cola plant at 5800 ThirdBloomberg - 390 words
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688 2007-06-14 28 Real estate hotspot Nevada leads with 1 out of 166 rate of foreclosure, followed by Colorado, California Reuters [NEW YORK] US home foreclosures in May jumped 90 per cent from a year earlier, reflecting a poor spring housing market and foreshadowingReuters - 688 words
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Article, Illustration228 2007-06-14 29 Increase of 7.1% another sign of rebound in property market Bloomberg [CANBERRA] Australian sales of newly built homes climbed to a one-year high in April, adding to signs of a rebound in the property market. Sales of new homes ad- vanced 7.1– Bloomberg; REUTERS - 228 words
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Article164 2007-06-14 29 Bloomberg [NEW YORK] Hilton Hotels Corp, the second largest US hotel company, said it plans to open 25 hotels with a total of 3,000 rooms in the UK in the next five years. The company signed a letter of understanding with closely held Somerston— Bloomberg - 164 words
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1404 2007-06-14 30 PftOifCT NAME/' PROP CONTRACT TENURE BUHJINAREA PRICE P$F PROJECT NAME/ PROP CONTRACT TENURE RtiCE Kf WOfCTNAME/ PROP CONTRACT TENURE BOffHAKA PRICE P5F STREET NAME TYPE DATE (SQ FT) (SJ'OOO) CSS) STREET NAME 1YPE QMt (SOFT) (Sj OOO> <S»1,404 words
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Article, Illustration593 2007-06-14 30 KALPANA RASHIWALA - She will be Singapore-based director, real estate capital markets By KALPANA RASHIWALA DTZ Debenham Tie Leung (SEA) director (investment advisory services) Tang Wei Leng, the woman who drove the brokering of over $3 billion worth of investment sales for the firm in593 words
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Page 27 Advertisements
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Advertisement60 2007-06-14 27 COMMERCIAL BUILDING AT LAVENDER STREET FOR LEASE Arresting architecture and superb frontage at front and side for Tenant's name. Built up to 6,421 sq ft, divided into storeys. Looking for one Tenant. Suitable for a financial institution, architects, lighting shop, granite/marble suppliers and others. Those interested, please call Samlaw Pte60 words
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Advertisement83 2007-06-14 27 Exclusive Waterway Fairway bungalow land parcels are now available for sale. Foreigners eligible to purchase bungalow land parcels, exclusive to Sentosa Cove nowhere else in Singapore.* Sentosa Cove Sales and Information Centre (o|>en daily from 10am 6pn>) Website: www.sentosaeove.com.sp Email: enquiry_cove@sentosa.com.sg For enquiries, please call (65) 6270 0200 or fax83 words
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Advertisement134 2007-06-14 28 ■■■■>': >.?£*? f;.-. .7 ■?!.<?) v*; 1 Vv 'y- 'V •4 KV NANYANG University of California Berkeley i r~ Nanyang Business School Hafls Sch ol o{ Busincss v ".:j Merchants of ancient days relied on the Silk Road for East-West trade. These days, there's a faster way to boost business.134 words
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Advertisement227 2007-06-14 28 PARAMOUNT HOTEL AND SHOPPING CENTRE I' <" I• 25 Marin* Pared* Road and 30 Eaat Coast Road I Prominent doubl* main road frontagee I Freehold alt* area of 102,684 sf "Hotel" Zoning Outlln* Approval fOr Plot Ratio 3.0 (for "Hotel") Ex,#t,n 9 p,<>t Rau 2,3B U Rare opportunity to own/d*v*lop227 words
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Advertisement738 2007-06-14 29 FREEHOLD SITE FOR SAL£ ALONG GEYLANG ROAD i 7 7 rr Address: 345 Geylang Road D Site Area: approx 14,534 sf i Tl-Tzrzrz. SMS-STi' J (7.430 sf+7,lo4sf) 5 -"-i Tenure: Freehold H Potential for mixed use I \**S5 CT I development (Commercial/ geyiang RD Residential/lnstitutionaO lof J§ Height control: 4/8738 words
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Advertisement365 2007-06-14 30 MJjJaMaadHi VeSHHilHl^^ffii LUXURIOUS GOOD CLASS BUNGALOW LEEDON ROAD I For Sale By Tender *f> Land Size: 43,930 sq ft (approx) GARDEN Can be subdivided into 2 regular plots o Option to purchase whole or part HgjjM Walking distance to Holland Village Oa, Tender Closing: v 28th June 2007 (Thur) 3pm.365 words
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